sec.344Amending priority of mortgages

### sec.344 Amending priority of mortgages The priority of registered mortgages may be amended by registering a document amending priority. The document amending priority must— state the order of priority of all affected registered mortgages; and be executed by all mortgagees affected by the amendment. On registration of the document amending priority, the mortgages have priority in the order stated in the document. (sec.344-ssec.1) The priority of registered mortgages may be amended by registering a document amending priority. (sec.344-ssec.2) The document amending priority must— state the order of priority of all affected registered mortgages; and be executed by all mortgagees affected by the amendment. (sec.344-ssec.3) On registration of the document amending priority, the mortgages have priority in the order stated in the document. - (a) state the order of priority of all affected registered mortgages; and - (b) be executed by all mortgagees affected by the amendment.