Housing loans. (i) The Administrative Committee may grant housing loans to contributors: Provided that loans granted in terms of this subclause shall be subject to such conditions as may be laid down by the Administrative Committee from time to time with the approval of the Registrar: Labour. (ii) Housing loans shall be repayable at such rates as the Administrative Committee may from time to time determine. (iii) On receipt of a stop order in respect of a housing loan duly signed by the employee concerned, an employer shall deduct from his employee's wages the weekly amount stipulated in the stop order, and shall forward the amounts so deducted to the Regional Secretary of the Regional Chamber not later than the 10th day of each month.
Appears in 7 contracts
Samples: National Main Collective Agreement, National Main Collective Agreement, National Main Collective Agreement
