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Local Government Act 1974

Land development for housing, commercial, and industrial purposes - Advances to financial institutions and guarantees of housing loans

568: Mortgages securing premium instead of interest

You could also call this:

"Old law about mortgages that doesn't apply anymore because it was replaced in 2003."

Illustration for Local Government Act 1974

You are looking at a part of the Local Government Act 1974. This part is called 'Mortgages securing premium instead of interest'. It was repealed, which means it is no longer part of the law, on 1 July 2003.

This change happened because of section 266 of the Local Government Act 2002. You can find more information about this change by looking at the Local Government Act 2002. The repeal of 'Mortgages securing premium instead of interest' means it does not apply anymore.

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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=DLM422160.

Topics:
Housing and property > Buying and selling homesMoney and consumer rights > Banking and loansGovernment and voting > Local councils
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Part 32Land development for housing, commercial, and industrial purposes
Advances to financial institutions and guarantees of housing loans

568Mortgages securing premium instead of interest (Repealed)

    Notes
    • Section 568: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).