{"id":734993,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/734993/?format=json","text_counter":203,"type":"other","speaker_name":"","speaker_title":"","speaker":null,"content":"has a right to select an underwriter or broker from a list of underwriters or brokers licensed by the Authority; (b) inform a loanee, in writing, that the loanee has an option to forfeit the right to select an underwriter or broker; (c) not prescribe or assign an underwriter or broker to a loanee, unless the loanee forfeits in writing the right to select an underwriter or broker; and, (d) update the list of licensed brokers or underwriters availed to loanees regularly and ensure that underwriters or brokers under statutory management are excluded from the list. (2) A bank that contravenes the provisions of subsection (1) commits an offence and shall, upon The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."}