VICIn ForceAct
Transfer of Land Act 1958
87DRegistered proprietor in case of fraudulent mortgage
Start here
Get a plain-English read of 87D
Turn the raw legal text into a practical explanation grounded in Transfer of Land Act 1958.
87D Registered proprietor in case of fraudulent mortgage
(1) This section applies to a registered proprietor of land if—
(a) the land has been mortgaged fraudulently; and
(b) the registered proprietor is not a party to that fraud; and
(c) the registered proprietor is entitled to be indemnified under this Act because of that fraud.
(2) If this section applies to a registered proprietor, any amount payable to the mortgagee by the registered proprietor for the purposes of obtaining a discharge of mortgage must not exceed the amount payable under section 110(4)(c).
S. 87E inserted by No. 70/2014 s. 17.