Sch 1 (National Credit Code), s 86B
In forceDischarge of debtor’s obligations under credit contract and discharge of mortgage
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 6Compliance and enforcement
Part 6-3ASearch warrants
Division 2Extra application of Crimes Act search warrant provisions
Subdivision BModifications
86B Discharge of debtor’s obligations under credit contract and discharge of mortgage
(1)
The debtor’s obligations under the credit contract are discharged by force of this subsection.
(2)
The mortgage securing those obligations is discharged by force of this subsection.
Note:
This section does not apply in some cases: see section 86E.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.