Friday, September 25, 2020

Body Corporate And Community Management Act 1997

Chapter 3
Part 6
Section 192

Mortgagees | Section 192

(1)This section applies if, for a community titles scheme—

(a)there is a registered mortgagee of a lot included in the scheme; and

(b)there is in place insurance required under the regulation module applying to the scheme.

(2)The mortgagee’s interest in the lot mentioned in subsection (1)(a) is taken to be noted on the policy for the insurance mentioned in subsection (1)(b).

© Sourced from the Queensland Legislation website at 1 April 2020. For the latest information on Queensland Government legislation please go to https://www.legislation.qld.gov.au.

Disclaimer: Reproduced from the Body Corporate and Community Management Act 1997. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

didn't find what you are looking for?

Try searching for It

Hello!

Drop us a message!