The Agricultural Finance Corporation (Fees, Costs and Express) Regulations

Legal Notice 29 of 1970

This is the latest version of this Legal Notice.
Citation
Legal Notice 29 of 1970
Primary work
Agricultural Finance Corporation Act
Date
Language
English
Type
Legal Notice
Related documents
LAWS OF KENYA

AGRICULTURAL FINANCE CORPORATION ACT

THE AGRICULTURAL FINANCE CORPORATION (FEES, COSTS AND EXPRESS) REGULATIONS

LEGAL NOTICE 29 OF 1970

  • Commenced on 13 February 1970
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
1.These Regulations may be cited as the Agricultural Finance Corporation (Fees, Costs and Expenses) Regulations.
2.It is hereby prescribed that the fees, costs and expenses which shall be charged and be payable in respect of loans and applications for loans shall be set out in the Schedule to these Regulations.

SCHEDULE

Part I – FEES FOR APPLICATIONS FOR LOANS

(a)Large Scale Loans: (Purchase or Purchase and Development)—
Loan AmountK£FeesSh.
Up to2,500400
2,501 to 5,000600
5,001 to 10,000800
Over10,0001,000
(b)Small Scale and IDA Small Holder Loans - Free

Part II – FEES FOR CONVEYANCING

Loan AmountK£FeesSh.
(a) Up to1,000 ....................300
1,000 to 2,000 ...........450
2,001 to 3,000 ...........600
3,001 to 4,000 ...........750
4,001 to 5,000 ...........900
Over5,000 ....................150 per every £1,000
(b) All other legal documents required,e.g. Agreements Dees of Variation, etc.300 or less according to the nature of the work involved
(c) Memorandum of charges and Statutory Notifications ...........100
(d) IDA Small Holder and Small Scale Loans ...........20

Part III – COSTS ON LOAN RECOVERIES

  Sh.
(a)Large Scale Loans
(i) Inspection fee ...........60 Plus Mileage.
(ii) Foreclosure Notice ........300
(iii) Cancellation of Sale Notice ........1,500
(b)Small Scale and IDA Small Holder Loans-
 (i) Inspection fees ..........30
 (ii) Foreclosure Notice .........30
 (iii) Cancellation of Sale Notice .....100
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History of this document

31 December 2022 this version
13 February 1970
Commenced
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