58KWhen loan securities are to be duly stamped

#### 58K When loan securities are to be duly stamped Except as otherwise provided by this Division, where a loan security on which duty is imposed is executed, the borrower shall: (a) in a case where the amount payable or repayable under or secured by the loan security exceeds $15,000 or, if that amount is not fixed, where the maximum amount that is or may become payable or repayable under or that is secured by the loan security exceeds $15,000—lodge the instrument of loan security with the Commissioner for assessment within 30 days after the instrument is executed; or (b) in any other case—cause the instrument of loan security to be duly stamped forthwith on the execution of the loan security.