Australian Capital Territory Repealed Acts

This legislation has been repealed.

LEGAL PRACTITIONERS ACT 1970 (REPEALED) - SECT 189

Where a person who proposes to take a mortgage over property (the mortgagee ), or grant a lease over property (the lessor ), gives or causes to be given, to the mortgagor or lessee, before the mortgagor or lessee enters into the mortgage or lease in respect of the property, a notice in writing—

        (a)     informing the mortgagor or lessee that he or she is liable to pay the costs and disbursements of the mortgagee or lessor in relation to the taking of the mortgage or the granting of the lease; and

        (b)     containing a statement of those costs and disbursements;

then—

        (c)     the preceding provisions of this part do not apply in relation to those costs and disbursements; and

        (d)     the mortgagor or lessee is not liable to pay, in respect of the costs of the mortgagee or lessor an amount greater than the amount shown in that statement in respect of those costs.