When is the deadline for redemption action by a mortgagor?
The catalogue records a 144 months period from The date on which the mortgagee of land went into possession of the mortgaged land (or, where s.23(2) applies, the date of the last payment received by, or acknowledgment given by, the mortgagee in possession). This draft page remains free only until its source, worked example and limits are reviewed.
In preparation
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Example pending review
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Calculation basis and source
- Period
- 144 months
- Trigger
- The date on which the mortgagee of land went into possession of the mortgaged land (or, where s.23(2) applies, the date of the last payment received by, or acknowledgment given by, the mortgagee in possession)
- 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.
- Amended by 31 of 1991 s. 7. Payment or acknowledgment by the mortgagee restarts the 12 years (s. 23(2)). Corrected on verification: Fetched s.14 from e-Legislation (page title 'Cap. 347 Limitation Ordinance - Section 14 Limitation of redemption actions', Version Date 09/07/2020*). Citation, 12-year period and countType are right, but the TRIGGER is wrong and will double-count.