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StatuteProperty Law Act 2007

Section 103 — Property Law Act 2007: Mortgagee must transfer mortgage after receiving request

Text of the provision Official document

103 Mortgagee must transfer mortgage after receiving request The mortgagee must, after receiving a request made under section 102 , transfer the mortgage to the nominated person on— (a) payment to the mortgagee of all amounts that would have been payable if the discharge of the mortgage had been sought under sections 97 to 101 ; and (b) the performance of all other obligations secured by the mortgage. Compare: 1952 No 51 ss 82 , 83

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.