5Non-application of Act to certain mortgages

#### 5 Non-application of Act to certain mortgages 5 Non-application of Act to certain mortgages (cf Act No 48, 1930, s 13 (1) (d) (e)) > This Act shall not apply to— > > > (a) any mortgage to secure the repayment of a loan to one of its members by a building society registered under or included in the Second Schedule to the Co-operation Act 1923–1931, or registered under the [Permanent Building Societies Act 1967](/view/pdf/asmade/act-1967-18), or > > > (b) any mortgage to secure the repayment of a loan granted by a registered friendly society to one of its members or to a person who is not a member of the society, if the Minister, by notice in writing, declares that the mortgage is one or one of a class specified by him to which it is undesirable that this Act should apply. > > **s 5:** Am 1967 No 18, sec 122 (1).