Radiocommunications Act 1989

Mortgages

74: Forms of mortgage

You could also call this:

"Registering a loan with a special document"

Illustration for Radiocommunications Act 1989

You need to register a special document when you charge management rights or a spectrum licence to secure a loan. The person in charge must fill out a form with the required information. This form is used to register the details of the loan.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM197124.

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73: Mortgage to take effect as security only, or

"A mortgage that only keeps something safe, not in control."


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75: Alteration of terms of mortgage by endorsement, or

"Changing the Rules of a Mortgage"

Part 9Mortgages

74Forms of mortgage

  1. Whenever any management rights or spectrum licence under this Act are or is intended to be charged with or made security for payment of any money, the manager or rightholder shall execute for the purposes of registration a memorandum in the prescribed form.

Notes
  • Section 74: amended, on , by section 54 of the Radiocommunications Amendment Act 2000 (2000 No 8).