DUTIES ACT 2001 - SECT 271
What is a home mortgage
DUTIES ACT 2001 - SECT 271
What is a home mortgage
271 What is a home mortgage
(1) A
"home mortgage" is a mortgage given by a person to the extent that the
mortgage secures an advance to the person to finance the purchase or
construction of the person’s home or a further interest in the person’s
home.
(2) A home mortgage or, if there is more than 1 home mortgage, at least
1 of them, must be over the residential land.
