Page 2819 - Week 09 - Thursday, 26 August 1993

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(4) The HomeBuyer Housing Assistance Program provides for the Commissioner for Housing to cancel an application. The provisions under the HomeBuyer mortgage allow the Commissioner for Housing to require the discharge of the loan if it has already been issued.

The Commissioner for Housing can reassess the loan application if the misrepresentation was made by error. However, where an applicant has knowingly misrepresented their circumstances, it may be necessary to seek an investigation by the appropriate authorities.

As a preventative measure, and where the applicant is a single person, the Commissioner for Housing will not approve the transfer of the property title or the mortgage into joint names.

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