Section 172 — Property Law Act 2007: Restriction on re-entry into possession after withdrawal

172 Restriction on re-entry into possession after withdrawal A mortgagee who withdraws from possession of mortgaged land, goods, or accounts receivable in a manner referred to in section 168(1) may not again enter into possession of that land or those goods or accounts receivable except if the mortgagee becomes entitled to do so, after compliance with subpart 5 , by reason of,— (a) in the case of land, a default occurring after the mortgagee withdrew from possession; or (b) in the case of goods or accounts receivable, a default occurring, or the goods or accounts receivable becoming at risk, after the mortgagee withdrew from possession.