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StatuteProperty Law Act 2007

Section Sch2-8-dup2 — Property Law Act 2007: Mortgagor’s right to retain possession of mortgaged goods

Text of the provision Official document

8 Mortgagor’s right to retain possession of mortgaged goods The mortgagor may retain possession of the mortgaged goods unless and until— (a) the mortgagor fails to pay any amounts secured by the mortgage on the due date; or (b) the mortgagor fails to perform or observe any covenant expressed or implied in the mortgage; or (c) the goods are at risk; or (d) the mortgagee, under clause 9 , calls up as payable amounts secured by the mortgage.

Official source: legislation.govt.nz

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