dos. The brand new Amendment (Financial (Amendment) Act, 2006 (Work Zero nine away from 2006) area 17)

dos. The brand new Amendment (Financial (Amendment) Act, 2006 (Work Zero nine away from 2006) area 17)

So it papers particularly is targeted on the fresh new amendments delivered towards the Banking Act because of the area 17 of your said Banking (Amendment) Operate (Work No nine out-of 2006) by advantage of which a unique section, Part 44A, is included. It part, simpliciter, constraints the level of attention that may accrue towards the prominent sum/mortgage lent so you can a borrower. No matter if not expressly taken to, it point introduces the fresh new in duplum code inside Kenya. (Find Deepen Shah, “Kenyan Financial Rules – Releasing this new From inside the duplum signal” offered at ilfr1000/standard.asp?page=22fcindex=6508countryID=91. Continue reading dos. The brand new Amendment (Financial (Amendment) Act, 2006 (Work Zero nine away from 2006) area 17)