Kanuni za Matumizi ya Mafao ya Mwanachama kama Dhamana ya Mkopo wa Nyumba za Mwaka 2024 | Kanuni za Matumizi ya Mafao ya Mwanachama kama Dhamana ya Mkopo wa Nyumba za Mwaka 2024 — Tanzania law | Esheria

Kanuni za Matumizi ya Mafao ya Mwanachama kama Dhamana ya Mkopo wa Nyumba za Mwaka 2024

This section states the short title of the rules and introduces the interpretation section.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Tanzania
Instrument
Regulation
Citation
Kanuni za Matumizi ya Mafao ya Mwanachama kama Dhamana ya Mkopo wa Nyumba za Mwaka 2024
Version
Undated source snapshot
Language
sw
Official source
View official record ↗
application procedure approval benefit amount limits benefit-based guarantee limits collateral insurance contracting definitions dispute resolution Employment lawfund payments guarantee home loan collateral home loans housing loan security housing loans internal controls internal dispute resolution loan administration loan collateral loan issuance loan provision loan recovery loan security member benefits +4 more

Statute overview

About this statute

This section states the short title of the rules and introduces the interpretation section. This section defines key terms used in the regulations, including the Board, Division, Fund, contributions, member, eligible member, operating guidelines, housing loan, the Act, and institutions. Mwanachama anaweza kutumia sehemu ya mafao yake kama dhamana kwa mkopo wa nyumba, na Mfuko lazima utoe dhamana moja tu kwa mwanachama anayestahili baada ya maombi rasmi na uhakiki. The collateral value for a home loan is capped by the lower of the member’s eligible benefit amount (up to 50% at application) and the home’s value, with extra limits for incomplete purchases and home improvement loans. A member may qualify for a Fund guarantee only if they are a Tanzanian citizen, are an eligible member, and the guarantee does not exceed the member’s mandatory retirement age.