Home Loan and Mortgage Disclosure Act, 2000Chapter I : Introductory provisions8. Period of office, vacation of office and filling of vacancies |
| (1) | A member of the Office must be appointed for such period, not exceeding three years, as the Minister may determine at the time of appointment. |
| (2) | A member of the Office ceases to be a member if— |
| (a) | he or she resigns; |
| (b) | without leave of the Office, he or she is absent from three consecutive meetings of the Office; |
| (c) | his or her estate is sequestrated or he or she applies for assistance contemplated in section 10(1)(c) of the Agricultural Credit Act, 1966 (Act No. 28 of 1966); |
| (d) | he or she has been declared by a court to be mentally ill or disordered; |
| (e) | he or she is convicted of— |
| (i) | an offence involving dishonesty or corruption; or |
| (ii) | any other offence and sentenced to imprisonment without the option of a fine; |
| (f) | he or she becomes a member of Parliament, a provincial legislature, a municipal council, the Cabinet or an executive council of a province; or |
| (g) | the Minister terminates his or her office for reasons which are just and fair. |
| (3) | A member of the Office may be reappointed at the termination of his or her term of office. |
| (4) | If a member of the Office ceases to hold office before the end of his or her term of office, the Minister may, subject to section 6, appoint somebody to fill the vacancy for the remainder of the period of the term of office of the member. |