LAND TITLE ACT s Sample Clauses

LAND TITLE ACT s. 231 (1) Doesn’t matter if mortgage has language saying it conveys or transfers the land, the LTA says the mortgage acts as a charge However, (2) screws it up – says that regardless of what language is in mortgage (Form B), all the historical legal and equitable right under law of mortgages is maintained for both parties But traditional legal and equitable conception: mortgage was a transfer of the land to the lender! Pure craziness.
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