47DExtinguishment of charge

47D Extinguishment of charge S. 47D(1) amended by No. 48/1995 s. 10(zi), substituted by No. 85/1998 s. 24(Sch. item 38.3). (1) If the amount secured by the charge is paid, recovered or waived, VLA must seal a certificate stating this and lodge the certificate with the Registrar. S. 47D(2) substituted by No. 85/1998 s. 24(Sch. item 38.3). (2) If the Registrar of Titles receives a certificate under subsection (1) with respect to land, he or she must cancel any recording of the charge on the Register or record the cancellation of the charge in the Register. S. 47D(3) repealed by No. 85/1998 s. 24(Sch. item 38.4). S. 47E inserted by No. 38/1992 s. 10(1).