S.L. 328.2 ст. 18Transfer by the beneficiary.

(1) Any dwelling-house acquired under this Scheme shall not be transferred under any title, other than causa mortis, by the beneficiary unless he complies with the following provisions of this clause.

(2) Where the beneficiary has taken a loan under the provisions of clauses 11, 12 and 13 and the transfer is to take place within ten years from the date of the first withdrawal on the loan, the beneficiary shall, before the transfer is effected, pay to the Director and the financial institution approved by him under this Scheme, as the case may be, the whole or part of the value of any subsidy or other benefit received by the beneficiary as laid down in the second column of Table B annexed to this Scheme depending on the period after the first withdrawal on the loan account as shown in the first column of the said Table.

(3) Where the beneficiary has taken a loan other than a loan as mentioned in sub-clause (2) and the transfer of the dwelling-house is to take place within thirteen years from the date of the first withdrawal on the loan, the beneficiary shall, before transfer is effected, pay to the Director and to the financial institution approved by him under this Scheme, as the case may be, the whole or part of the value of any subsidy or other benefit received by the beneficiary as laid down in the second column of Table C annexed to this Scheme depending on the period after the first withdrawal on the loan account as shown in the first column of the said Table.

(4) Where the beneficiary has taken a loan as mentioned in sub-clauses (2) or (3) and the transfer of the dwelling house is to take place after ten or thirteen years respectively, as the case may be, from the date of the first withdrawal on the loan, the beneficiary shall give the Director one month’s notice of his intention to transfer the said dwelling-house and the Director shall thereupon terminate any arrangement for the subsidy under this Scheme of any interests payable by the beneficiary.