The National Housing Bank Act, 1987

The National Housing Bank Act, 1987 was enacted to establish the National Housing Bank (NHB) and provide for its functioning. The NHB is responsible for promoting housing finance institutions, providing financial and other assistance to such institutions, and regulating their functioning. The Act defines the powers, duties, and functions of the NHB, including its governance structure, capital requirements, and reporting requirements. It also provides for the regulation and supervision of housing finance companies, and establishes a framework for the resolution of disputes between such companies and their customers.