42Failure to proceed with work satisfactorily

42 Failure to proceed with work satisfactorily

If an applicant for an advance or a borrower who is erecting, completing or enlarging a dwelling‑house himself or is employing a builder for the purpose of the work:

(a) fails to proceed with the work at a rate and in a manner satisfactory to the Corporation; or

(b) fails to proceed with the work in accordance with the plans and specifications of the dwelling‑house approved by the Corporation;

the Corporation may:

(c) by notice in writing require the applicant or borrower to proceed with the work at the rate and in the manner specified in the notice; and

(d) withhold payment of any instalment or further instalment of the advance until the applicant or borrower proceeds with the work to the satisfaction of the Corporation.