Victorian Consolidated Legislation

Transfer of Land Act 1958 - SECT 74

Creation and nature of mortgages and charges

74. Creation and nature of mortgages and charges



(1) The registered proprietor of any land-

   (a)  may mortgage it by instrument of mortgage in an appropriate approved
        form;

   (b)  may charge it with the payment of an annuity by instrument of charge
        in an appropriate approved form.

(2) Any such mortgage or charge shall when registered have effect as a
security and be an interest in land, but shall not operate as a transfer of
the land thereby mortgaged or charged.