sec.130IExemption—mortgage-backed securities

### sec.130I Exemption—mortgage-backed securities Transfer duty is not imposed on a dutiable transaction that is a transfer, or agreement for the transfer, of a mortgage or pool of mortgages for creating, issuing, marketing or securing a mortgage-backed security. Also, transfer duty is not imposed on a dutiable transaction that— is the creation of a trust of dutiable property or a trust acquisition; and is required for creating, issuing, marketing, acquiring or securing a mortgage-backed security. In addition, transfer duty is not imposed on a dutiable transaction that is a trust surrender required to give effect to a redemption of a mortgage-backed security. s 130I ins 2002 No. 65 s 14 (retro) amd 2002 No. 65 s 16 (sec.130I-ssec.1) Transfer duty is not imposed on a dutiable transaction that is a transfer, or agreement for the transfer, of a mortgage or pool of mortgages for creating, issuing, marketing or securing a mortgage-backed security. (sec.130I-ssec.2) Also, transfer duty is not imposed on a dutiable transaction that— is the creation of a trust of dutiable property or a trust acquisition; and is required for creating, issuing, marketing, acquiring or securing a mortgage-backed security. (sec.130I-ssec.3) In addition, transfer duty is not imposed on a dutiable transaction that is a trust surrender required to give effect to a redemption of a mortgage-backed security. - (a) is the creation of a trust of dutiable property or a trust acquisition; and - (b) is required for creating, issuing, marketing, acquiring or securing a mortgage-backed security.