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StatuteProperty Law Act 2007

Section 116 — Property Law Act 2007: Certificate operates as discharge of mortgage

Text of the provision Official document

116 Certificate operates as discharge of mortgage (1) A certificate by the Registrar that the amount specified in an order under section 115 has been paid into court has effect as if it were a duly executed mortgage discharge instrument for the mortgage under section 83 . (2) Section 111(2) to (7) apply to a certificate under subsection (1) as if it had been given under section 111.

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.