12BMortgagee or mortgagor may be recorded as registered proprietor

#### 12B Mortgagee or mortgagor may be recorded as registered proprietor 12B Mortgagee or mortgagor may be recorded as registered proprietor > > (1) Where it appears to the Registrar-General that the legal estate in land is vested in a mortgagee and the Registrar-General creates under any provision of this Act, other than section 17 (2), a folio of the Register for the land, the Registrar-General may record the mortgagee or the mortgagor in the folio as registered proprietor of the land. > > > (2) Where, pursuant to subsection (1) or section 17 (2), the Registrar-General records a mortgagee as registered proprietor in a folio of the Register for any land, the Registrar-General shall record in the folio the Registrar-General’s caveat forbidding the recording in the Register of any dealing relating to that land by the mortgagee other than a dealing giving effect to an exercise of the mortgagee’s powers as mortgagee. > > **s 12B:** Ins 1979 No 164, Sch 3 (3).