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..... uthority established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)] (b) approved lending institution means - (i) National Housing Bank established under section 3 of the National Housing Bank Act, 1987 (53 of 1987); (ii) a scheduled bank included in the second schedule to the Reserve Bank of India Act, 1934; or (iii) a housing finan .....

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..... ay be disbursed to the reverse mortgagor but does not include transaction of sale, or disposal, of the property for settlement of the loan; (i) All other words and expressions used herein, but not defined and defined in the Act, shall have the meanings respectively assigned to them in the Act. ------------------------ Notes: 1. Inserted vide Notification No. 79/2013 dated October 7, 2013 - - sta .....

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