Section Sch2-18 — Property Law Act 2007: Discharge of mortgage
Text of the provision Official document
18 Discharge of mortgage The mortgagee will, on payment by the mortgagor of all amounts and the performance of all other obligations secured by the mortgage,— (a) return to the mortgagor the mortgage instrument; and (b) give to the mortgagor a mortgage discharge instrument executed in compliance with section 83 of the Property Law Act 2007; and (c) if the mortgage is registered, do all things that are reasonably necessary to allow a mortgage discharge instrument to be registered; and (d) give to the mortgagor all certificates or instruments of title and other documents deposited with the mortgagee on account of the mortgage (if any). Compare: 1952 No 51 Schedule 4 cl 10
Official source: legislation.govt.nz
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