NSWIn ForceAct
Strata Schemes Management Act 2015
259Notice to be given to owners corporation of mortgagee taking possession of lot
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259 Notice to be given to owners corporation of mortgagee taking possession of lot
259 Notice to be given to owners corporation of mortgagee taking possession of lot
If a mortgagee of a lot takes possession of the lot, the mortgagee must give written notice of that fact to the owners corporation within 14 days of taking possession of the lot.
Maximum penalty—5 penalty units.