Housing Development Finance Corporation of Sri Lanka Act 1997

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Sets up a housing development finance corporation, with its powers

In plain English

Not legal advice

The Act sets up a housing development finance corporation and sets out its powers and functions. The Companies Act applies to the corporation on any matter that this Act or its rules do not cover. The corporation does not need to register under the Companies Act. The Debt Conciliation Ordinance and the Money Lending Ordinance do not apply to the corporation. The corporation counts as a bank under part of the Evidence Ordinance, even though it does not accept demand deposits.

Summary · Drafted with AI, checked against the official text on 13 Oct 2026.

Official translation, read from a scanFrom Department of Government Printing's scanned PDF, read by OCR; may contain errors

s 1Short Gue and date of operation

This Act may be cited as the Housing Development

Finance Corporation of Sri Lanka Act, No. 7 of 1997 and shall come into operation on such date as the Minister may appoint by Order published in the Gazette (hereinafter referred to as “the appointed date”).

Part I

Establisiiment of Housiing Development Finance Corporation of Sri Lanka

Read on from Part I

Part II

Functions and Powers of the Corporation

Read on from Part II

Part IV

Finance

Read on from Part IV

Part V

Accounts and Audit

Read on from Part V

Part VI

General

Read on from Part VI