NTIn ForceAct
Land Title Act 2000
136AEffect on writ of execution of transfer after sale by mortgagee
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136A Effect on writ of execution of transfer after sale by mortgagee
(1) Subsection (2) applies to a lot over which:
(a) a mortgage is registered; and
(b) a writ of execution is later registered in relation to the lot.
(2) If the mortgagee of the lot signs a transfer of the lot after exercising
power of sale under the mortgage:
(a) registration of the writ of execution does not prevent
registration of the transfer; and
(b) on registration of the transfer, the Registrar-General must
cancel registration of the writ of execution.
Land Title Act 2000 74