Section 44 Notification of transferI1I2

In section 41 of the 2003 Act (provisions supplementary to and explanatory of section 40), after subsection (2), insert—

“(3)

Where an owner of land or a creditor in a standard security having a right to sell land makes a transfer of land as mentioned in any of paragraphs (a) to (h) of subsection (4) of section 40, the owner of the land or, as the case may be, the creditor must within 28 days of the transfer—

(a)

notify Ministers of—

(i)

the transfer,

(ii)

the name and address of the person to whom the land was transferred, and

(iii)

the date of the transfer, and

(b)

provide Ministers with a description of the land transferred, including maps, plans or other drawings prepared to such specifications as may be prescribed.”.