LEGAL PROFESSION ACT 1987 - SECT 122K Law Society may require information about mortgage practices

This legislation has been repealed.

LEGAL PROFESSION ACT 1987 - SECT 122K

122K Law Society may require information about mortgage practices

(1) The Law Society Council may, by notice in writing, require a solicitor to provide information to the Law Society Council about any of the following:

(a) whether the solicitor, an associate of the solicitor or a person engaged by the solicitor negotiates the making of or acts in respect of regulated mortgages or has done so in the past,

(b) details of regulated mortgages that continue to have effect,

(c) whether the solicitor proposes:

(i) to nominate the solicitor's practice as a State regulated mortgage practice, or

(ii) to transfer responsibility for any regulated mortgage, or

(iii) to take no further action in respect of any regulated mortgage,

(d) such other information, relating to regulated mortgages, as the regulations or the solicitors rules may require to be provided.

(2) A solicitor who fails to comply with such a notice commits professional misconduct.