61SM
In forceAmending or transferring a mortgage
Part 6ERegistration of interests in State plantation forests
Division 7Mortgages
61SM Amending or transferring a mortgage
(1)
A registered mortgage may be amended only by registering an amendment of the mortgage.
(2)
However, an amendment must not add a party to or remove a party from the mortgage.
(3)
A registered mortgage may be transferred only by registering a transfer of the registered mortgage.
(4)
A mortgage may be transferred by the mortgagee only with the Minister’s written approval.
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