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Advertising of housing loans.
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135.—(1) The Director may, if he considers it expedient to do so give a direction to a mortgage agent in relation to the matter and form of any advertisement or information document displayed or published by or on behalf of such agent in relation to a housing loan and may direct that such advertisement or information document be withdrawn.
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(2) Without prejudice to the generality of subsection (1), a direction under this section may do all or any one or more of the following—
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(a) prohibit the issue by a mortgage agent of advertisements or information documents of any specified description,
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(b) require a mortgage agent to modify advertisements or information documents of a specified description in a specified manner,
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(c) prohibit the issue by a mortgage agent of any advertisements or information documents which are, or are substantially, repetitions of a specified advertisement or information document,
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(d) require a mortgage agent to withdraw any specified advertisement or information document or any advertisement or information document of a specified description, or
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(e) require a mortgage agent to include specified information in any advertisement or information document to be published by it or on its behalf or in any statement to the public made by it or on its behalf.
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(3) Any mortgage agent so directed under subsection (1) shall comply with the direction.
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(4) Where the Director intends to give a direction under this section in relation to a bank or building society he shall inform the Central Bank of his intention not later than the time on which the direction is given.
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