(1) A licensed institution shall supply credit as prescribed by the Rastra Bank, subject to the directives given by the Rastra Bank and the credit policy determined by the Board.
(2) While supplying credit, a licensed institution shall obtain any movable or immovable property acceptable to it as a security or an appropriate guarantee in a manner to safeguard its interests.
(3) A licensed institution shall write to the concerned office to so withhold any property which it has taken up as the security against a credit pursuant to this Section that such property cannot be registered in the name of or transferred to any person in any manner whatsoever.
(4) When requested by a licensed institution to withhold registration or transmission pursuant to Sub-section (3), the concerned office shall withhold the registration or transmission thereof.
(5) The Rastra Bank may give necessary directive to the licensed institution to disburse credits for such class and in such area as prioritized for the economic upliftment of the persons belonging to a low-income and indigent class and of the inhabitants residing in any specific geographical region.