Statute
Section 105 — Property Law Act 2007: Restriction on consolidation
Text of the provision Official document
105 Restriction on consolidation The current mortgagor or other person entitled to redeem the mortgaged property may redeem it without paying any amounts owing under any separate mortgage over other property in favour of the same mortgagee that was entered into by the current mortgagor or by any former mortgagor. Compare: 1952 No 51 s 85
Official source: legislation.govt.nz
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