Queensland Consolidated Acts

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LAND TITLE ACT 1994 - SECT 79

Effect of transfer after sale by mortgagee

79 Effect of transfer after sale by mortgagee

If an instrument of transfer executed by a registered mortgagee after the exercise of the power of sale under the mortgage is registered, registration of the instrument vests in the transferee the mortgagorā€™s interest that is transferred, free from liability under the mortgage and any other mortgage registered after it.



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