89
CurrentDischarge of mortgage and encumbrance
Part VIEstates and Interests in Land and Registration of Dealings
Division 5Mortgages and encumbrances
89 Discharge of mortgage and encumbrance
Whenever a registered mortgage or encumbrance is intended to be discharged wholly or partially, the registered mortgagee or encumbrancee shall execute a discharge in an approved form.
On the registration of a discharge of mortgage or encumbrance, the mortgaged or encumbered estate or interest shall, to the extent specified in the discharge, cease to be charged with any money secured by the mortgage or encumbrance.
This Act’s bill:Explanatory notesSecond reading speech
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