Housing Consumers Protection Measures Act, 1998 (Act No. 95 of 1998)RulesNational Home Builders Registration Council Rules7. Approval of project enrolment |
| (1) | The Council may, in respect of such application made pursuant to regulation 3 above: |
| (a) | Approve the housing development project for enrolment; |
| (b) | Approve the housing development project subject to such conditions as the Council may consider appropriate; |
| (c) | Request further information from the home builder; or |
| (d) | Reject the application. |
| (2) | If the Council intends to approve the enrolment of the housing development project subject to conditions or to reject the enrolment, the Council must notify and inform the home builder and the PHDB of the Council's reasons in this regard. |
| (3) | A decision of the Council notified in terms of subregulation (2) takes effect — |
| (a) | On receipt of written acceptance of the relevant conditions by the home builder; or |
| (b) | 30 days after it has been notified to the home builder, unless the home builder exercises its rights, in terms of section 10(9) of the Act, to make written representations to the Council. |
| (4) | On approval of the project enrolment, the home builder must provide updated cashflow projections on a quarterly basis. |