CTHIn ForceAct
Lands Acquisition Act 1989
49Effect of acquisition of mortgage interest on rights of mortgagee
Start here
Get a plain-English read of 49
Turn the raw legal text into a practical explanation grounded in Lands Acquisition Act 1989.
#### 49 Effect of acquisition of mortgage interest on rights of mortgagee
Where a mortgage interest is acquired by compulsory process, the mortgagee retains, in respect of so much of the mortgage debt as is not discharged by section 68, any rights and remedies that the mortgagee may have:
(a) against the mortgagor; or
(b) in respect of any interest in land that is still subject to the mortgage.