THE D.S.S. ACT
AMENDED REGULATIONS. Amended regulations under the Discharged Soldiers’ Settlement Act, 1915, are contained in a “Gazette” issued yesterday. It is laid down that in every mortgage hereafter given as security for advances made for the purchase or erection of a dwelling the following provision® shall apply:—“The mortgagor of such dwelling shall reside continuously in the house so long as any portion of the moneys secured by the mortgage remain unpaid. Nonresidence, or the sub-letting of the dwelling by the mortgagor without the written consent of the board being first obtained shall be deemed to he a bleach of covenant, whereupon the mortgagee may call up and compel payment of all principal, interest, and other moneys for the time being owing under the security, notwithstanding thhat tho time appointed for the payment may not have arrived.”
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New Zealand Times, Volume XLVII, Issue 10853, 19 March 1921, Page 8
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138THE D.S.S. ACT New Zealand Times, Volume XLVII, Issue 10853, 19 March 1921, Page 8
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