OpenLegislation

Article 9

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Where a registered mortgage is discharged the mortgagor shall notify the Authority of the fact in the form set out in Part IV of Schedule 1 hereto.

(2)

On receipt of the said form, duly completed and signed by or on behalf of the mortgagor and the mortgagee and of a copy of the mortgage with a discharge or receipt for the mortgage money duly endorsed thereon, or of any other document which shows, to the satisfaction of the Authority, that the mortgage has been discharged and on payment of the appropriate charge, the Authority shall enter the said form in the Register and mark the relevant entries in the Register “Discharged”, and shall notify the mortgagee, the mortgagor and the owner that it has done so.