New South Wales Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [History] [Help]

MORATORIUM ACT 1932 - SECT 14A

Further provisions as to consent

14A Further provisions as to consent

Unless otherwise therein expressly provided and subject to any such provision a consent given by a mortgagor pursuant to the provisions of section six or of section fourteen of this Act or in accordance with the provisions of the Moratorium Act 1930 , or any Act amending the same in force at the date of the consent:

(a) shall be, and shall, from the commencement of this Act, be deemed always to have been irrevocable,
(b) shall enure and be deemed always to have enured for the benefit of any person thereafter acquiring any interest in the mortgage,
(c) shall, so far as it extends, be and be deemed always to have been sufficient for the purpose, without any further consent by any person thereafter acquiring any interest in the mortgaged property, and
(d) if given after the purported exercise by the mortgagee of any right, power or remedy to which such consent relates, shall be and be deemed always to have been as efficacious as if given before such exercise.



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [History] [Help]