LEGAL PROFESSION ACT 1987 - SECT 119 Requirement to notify Law Society of State regulated mortgages

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 119

119 Requirement to notify Law Society of State regulated mortgages

(1) A solicitor who, in the solicitor's capacity as solicitor for a lender or contributor, negotiates the making of or acts in respect of a State regulated mortgage must give the Law Society Council notice in writing of that fact in accordance with the regulations or solicitors rules.

Maximum penalty: 20 penalty units.

(2) A solicitor who contravenes this section commits professional misconduct.