Amendment status not verified — confirm the current text below against the official source.
If the Director, after any inspection provided for in section 26, is not satisfied that the money lent is being applied to the purpose or purposes for which the loan was granted or that the conditions on which the loan was granted are being duly fulfilled, he may de- clare, notwithstanding anything contained in the deed exe- cuted under section 21 that the loan is immediately re- pavable and shall give notice of such declaraion to the horrower.