When is the deadline for mortgagor's action to redeem mortgaged property in the mortgagee's possession?
The catalogue records a 12 years period from the later of the date the mortgagee last goes into possession and the date the mortgagee last receives a payment of principal money or interest secured by the mortgage from the plaintiff. This draft page remains free only until its source, worked example and limits are reviewed.
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Calculation basis and source
- Period
- 12 years
- Trigger
- the later of the date the mortgagee last goes into possession and the date the mortgagee last receives a payment of principal money or interest secured by the mortgage from the plaintiff
- Counting
- The encoded calculator method must be independently documented before publication.
- Rollovers and holidays
- Holiday, closure and order treatment must be independently documented before publication.
This route remains in preparation until a pinpoint official source is recorded.
- Limitation Act 1985 (ACT) s 30 (disability), s 32 (confirmation), s 33 (fraud and concealment), s 34 (mistake).
- Added on verification: omitted from the researched catalogue, which carried the mortgagee's side of the mortgage provisions (s 24) but not the mortgagor's right of redemption.