67 Directors, etc, not to accept commissions in connection with loans
Building Societies Act 1986 (1986 c 53) | Legislation

67  Directors, etc, not to accept commissions in connection with loans

(1)     This section applies to any person who holds office in or is employed by a building society as director, secretary, chief executive, manager, solicitor, surveyor or valuer or in connection with the assessment of the adequacy of securities for [loans] secured on land.

(2)     No person to whom this section applies shall (in addition to the remuneration prescribed or authorised by the rules or any resolution of the society) accept from any other person any commission for or in connection with any loan made by the society.

(3)     If a person to whom this section applies accepts a commission in contravention of subsection (2) above—

(a)     both he and, subject to subsection (4)

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