Victorian Current Acts

TRANSFER OF LAND ACT 1958 - SECT 87D

    (1)     This section applies to a registered proprietor of land if—

        (a)     the land has been mortgaged fraudulently; and

        (b)     the registered proprietor is not a party to that fraud; and

        (c)     the registered proprietor is entitled to be indemnified under this Act because of that fraud.

    (2)     If this section applies to a registered proprietor, any amount payable to the mortgagee by the registered proprietor for the purposes of obtaining a discharge of mortgage must not exceed the amount payable under section 110(4)(c).

S. 87E inserted by No. 70/2014 s. 17.