A law called section 569 used to be about mortgages of leases. You can find more information about what happened to this law by looking at the Local Government Act 2002. This law was repealed on 1 July 2003, which means it is no longer in effect.

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This page was last updated on 10 September 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422163.

Topics:

Government and voting > Local councilsHousing and property > Land use

568: Mortgages securing premium instead of interest, or

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

570: Extending lending powers of financial institutions, or

"Letting banks lend more money to people and groups"

Part 32Land development for housing, commercial, and industrial purposes
Advances to financial institutions and guarantees of housing loans

569Mortgages of leases (Repealed)

Notes

Section 569: repealed, on 1 July 2003, by section 266 of the Local Government Act 2002 (2002 No 84).