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Building Societies Act 1965

Advances - General provisions as to advances on mortgage

47: Restrictions on second or subsequent mortgages

You could also call this:

"Old rules about extra mortgages no longer apply"

This part of the law used to have rules about second or later mortgages. However, it was removed from the Building Societies Act 1965 on 17 December 1982. This means that these rules no longer apply and are not part of the current law.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM371689.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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Part 3Advances
General provisions as to advances on mortgage

47Restrictions on second or subsequent mortgages (Repealed)

    Notes
    • Section 47: repealed, on , by section 6(1) of the Building Societies Amendment Act 1982 (1982 No 169).