26Restriction on alienation of land in certain cases

26 Restriction on alienation of land in certain cases

[Section 26 Subsection (3) amended by No. 19 of 1980, s. 171 and Sched. 1 ]

(1)  *[Section 26 Subsection (1) amended by No. 40 of 1970, s. 4 ]*Where any moneys that are lent or given to a distressed person under section three or section four are applied (whether wholly or partly) by that person in or towards the purchase of land and the erection of a dwelling-house thereon or the purchase of land together with a dwelling-house or the erection of a dwelling-house on land owned by that person, the provisions of subsection (3) of section nine apply to and in relation to that land as if it were land on which a dwelling-house had been erected by the Minister pursuant to that section.

(2)  This section does not apply in any case where the sum of money lent or given to a distressed person under section three or section four is less than one thousand dollars.

(3)  *[Section 26 Subsection (3) amended by No. 40 of 1970, s. 4 ]*Where the Minister accedes to an application by a distressed person for the making to that person of a loan under section three or a gift of money under section four for the purpose of enabling that person to do any of the things that are mentioned in subsection (1) of this section, the Minister shall forthwith –

(a) lodge with the Recorder of Titles, if the land to which the application relates is under the Land Titles Act 1980 ; or

(b) register with the Registrar of Deeds, in any other case –

a notification, in the prescribed form and containing the prescribed particulars, stating that the provisions of paragraph (a) of subsection (3) of section nine apply, by virtue of this section, to and in relation to that land.

(4)  *[Section 26 Subsection (4) amended by No. 40 of 1970, s. 4 ]*The provisions of subsections (16) and (12) of section nine, with the necessary adaptations, apply to and in relation to a notification under this section and the withdrawal of such a notification as if it were a notification lodged or registered by the Minister pursuant to that section.