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Building Societies Act 1986
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- UK Public General Acts
- 1986 c. 53
- SCHEDULE 2A
- Application of paragraph 1...
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Changes over time for: Cross Heading: Application of paragraph 1 to Northern Ireland
No versions valid at: 07/04/1995
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- 01/12/1997- Amendment
- 07/04/1995
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Building Societies Act 1986, Cross Heading: Application of paragraph 1 to Northern Ireland is up to date with all changes known to be in force on or before 18 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Valid from 01/12/1997
[ Application of paragraph 1 to Northern IrelandU.K.
2(1)In its application to Northern Ireland, paragraph 1 above shall have effect with the following modifications.U.K.
(2)In sub-paragraph (1) after the words “on such trusts” there shall be inserted the words “ or uses ”.
(3)In sub-paragraph (2)—
(a)for the words from “charge” to “Property Act 1925” there shall be substituted the words “ charge on registered land, the receipt shall operate in accordance with Article 3(1), (7) and (9) of the M1Property (Discharge of Mortgage by Receipt) (Northern Ireland) Order 1983 ”; and
(b)for the words “subsection (1) of that section” there shall be substituted the words “ paragraph (1) of that Article ”.
(4)For sub-paragraphs (3) and (4) there shall be substituted the following sub-paragraphs—
“(3)If the mortgage is registered in accordance with the M2Registration of Deeds Act (Northern Ireland) 1970, the registrar under that Act shall—
(a)on production of the receipt mentioned in sub-paragraph (1) above make a note in the Abstract Book against the entry relating to the mortgage that the mortgage is satisfied; and
(b)grant a certificate, either on the mortgage or separately, that the mortgage is satisfied.
(4)The certificate granted under sub-paragraph (3)(b) above shall—
(a)be received in all courts and proceedings without further proof; and
(b)have the effect of clearing the register of the mortgage.”
(5)In sub-paragraph (5) for the definition of “registered land” there shall be substituted the following definition—
““registered land” means land the title to which is registered under Part III of the M3Land Registration Act (Northern Ireland) 1970.”]
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