National Consumer Credit Protection Act 2009
SCHEDULE 1
-
NATIONAL CREDIT CODE
A mortgage that does not describe or identify the property which is subject to the mortgage is void.
44(2)
Without limiting subsection (1), a provision in a mortgage that charges all the property of the mortgagor is void.
Note:
See section 3 of the National Credit Act.
PART 3 - RELATED MORTGAGES AND GUARANTEES Division 1 - Mortgages 44 Mortgages over all property void 44(1)A mortgage that does not describe or identify the property which is subject to the mortgage is void.
44(2)
Without limiting subsection (1), a provision in a mortgage that charges all the property of the mortgagor is void.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.