(1) A caravan mortgagee may give a resident who is not the caravan mortgagor a notice to vacate a caravan if the caravan mortgagee becomes entitled to possession of the caravan under a security.
(2) The notice must specify a termination date that is—
(a) not less than 30 days after the date on which the notice is given if the security was given before the resident obtained a residency right; or
(b) not less than 6 months after the date on which the notice is given if the mortgage was given after the resident obtained a residency right.
(3) If a caravan mortgagee becomes entitled to possession of a caravan under a security given by a resident who is the caravan mortgagor, the caravan mortgagee may exercise the rights given under the security.
Subdivision 5—Notices under this Division
S. 206AZH inserted by No. 45/2018 s. 238 (as amended by No. 1/2021 s. 96).