Queensland Consolidated Acts

LAND TITLE ACT 1994 - SECT 81

81 Releasing a mortgage

(1) On lodgement of an instrument releasing a mortgage, the registrar may register the release to the extent shown in the instrument of release.

(2) The instrument of release may release the debt or liability secured for—

(a) all or part of the mortgage; or

(b) 1 or more of the mortgagors.

(3) On registration of the instrument of release, the mortgage is discharged, and the lot is released from the mortgage, to the extent shown in the instrument of release.