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Community Land Management Act 2021
220Notice to be given to association of mortgagee taking possession of lot
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220 Notice to be given to association of mortgagee taking possession of lot
220 Notice to be given to association of mortgagee taking possession of lot
If a mortgagee of a lot takes possession of the lot, the mortgagee must give notice of that fact to the association within 14 days of taking possession of the lot.
Maximum penalty—5 penalty units.