QLDIn ForceAct
Land Title Act 1994
sec.77Amending priority of mortgages
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### sec.77 Amending priority of mortgages
The priority of registered mortgages may be amended by registering an instrument amending priority.
The instrument amending priority must—
specify the order of priority of all affected registered mortgages; and
be executed by all mortgagees affected by the amendment.
On registration of the instrument amending priority, the mortgages have priority in the order specified in the instrument.
(sec.77-ssec.1) The priority of registered mortgages may be amended by registering an instrument amending priority.
(sec.77-ssec.2) The instrument amending priority must— specify the order of priority of all affected registered mortgages; and be executed by all mortgagees affected by the amendment.
(sec.77-ssec.3) On registration of the instrument amending priority, the mortgages have priority in the order specified in the instrument.
- (a) specify the order of priority of all affected registered mortgages; and
- (b) be executed by all mortgagees affected by the amendment.