Acts Online
GT Shield

Home Loan and Mortgage Disclosure Act, 2000

Chapter I : Introductory provisions

9. Meetings of Office

 

 

(1) The first meeting of the Office must be held at the time and place determined by the Minister, and thereafter a meeting of the Office must be held at the time and place determined by the chairperson.

 

(2) The chairperson—
(a) may convene a special meeting of the Office;
(b) must convene such meeting within 14 days of the receipt of a written request signed by at least five members of the Office to convene such meeting.

 

(3) A quorum for a meeting of the Office is more than 50 per cent of its members.

 

(4) The chairperson determines the procedure at the meetings of the Office.

 

(5) All decisions of the Office must be taken by consensus but where consensus is not reached, the decision of a majority of the members present is the decision of the Office.

 

(6) In the event of an equality of votes on any matter, the person presiding at the meeting will have a casting vote in addition to that person’s deliberative vote.

 

(7) Members of the Office must, before any decisions are taken, disclose any conflicts of interest, financial or otherwise, which they might have in making any decision relating to their tasks.