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Section 101A - Land Titles Act 1925 - Variation of mortgages — Zoe

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Land Titles Act 1925

101AVariation of mortgages

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101A Variation of mortgages (1) A registered mortgage may be varied by registration of a memorandum of variation of mortgage. (2) The memorandum shall be signed in the presence of a witness by each of the parties to the mortgage. (3) Upon production of a memorandum referred to in subsection (2), the registrar-general shall make such entries in the register as are necessary. (4) The memorandum shall, when registered under this Act, operate so as to vary the mortgage in the manner specified in the memorandum. (5) This section applies to a mortgage made before or after the commencement of this section.

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