Land and Conveyancing Law Reform (Amendment) Bill 2013

Public bill · Private Member · Introduced

The proposal would give homeowners facing repossession more protection by requiring courts to pause proceedings for at least six months, arrange advice from a personal insolvency practitioner and make the lender pay the initial costs. Before granting possession, courts would assess whether the lender followed mortgage-arrears rules, acted reasonably and fairly considered repayment proposals. If possession were granted, families would receive extra time to leave, tenants’ rights would be protected, and lenders could be made responsible for the remaining mortgage debt and repossession and sale costs on a person’s main home.

Formal long title

Bill entitled an Act to amend the Land Conveyancing and Reform Act 2013 to afford greater protection to mortgagors where faced with an order of possession by placing additional obligations on the mortgagee

Last updated 10 May 2018