New South Wales Consolidated Regulations

LEGAL PROFESSION UNIFORM GENERAL RULES 2015 - REG 91C

91C Mortgages

(1) For the purposes of section 258(4)(c), a mortgage is exempt from the prohibition in section 258(4) if--

(a) the lender is not a financial institution, and

(b) neither the law practice, nor any associate, agent or appointee of the law practice, introduced the borrower to the lender.

(2) For the purposes of section 258(4)(c), a mortgage is exempt from the prohibition in section 258(4) if--

(a) the lender is not a financial institution, and

(b) the borrower was introduced to the lender by--

(i) the law practice, or

(ii) an associate, agent or appointee of the law practice, and

(c) that introduction occurred other than as part of mortgage financing engaged in by the practice or person who made the introduction.