THE MORATORIUM.
OPINION OF SOLICITOR. (by TELEGRAPH —PRESS ASSOCIATION.) AUCKLAND, Aug. 14. A solicitor, Mr, George M. Johnstone, writing to the Herald, states that the various Mortgages Extension Acts prohibit mortgagees calling in such mortgages as are subject to those Acts until the date prescribed, which, as the law now stands, is December 31 next, hut there is nothing in anv of those Acts to repeal or modify the provisions of the Property Law Act of 1908, which requires a mortgagee who has been receiving interest on an overdue mortgage to give three months’ notice to the mortgagor lief ore he can call up or compel the payment of the moneys owing under the mortgage, and this notice cannot lie given during the continuation of the moratorium. If the present oroteotion of the moratorium is extended to March 31, therefore, the earliest date of payment would he June 30.
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Hawera Star, Volume XLVIII, 15 August 1924, Page 5
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149THE MORATORIUM. Hawera Star, Volume XLVIII, 15 August 1924, Page 5
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