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LAND REGISTRATION ACT (NORTHERN IRELAND) 1970 - SECT 49

Discharge, etc., of registered charges.

49.(1) The Registrar shall

(a)at the request or with the concurrence of the registered owner of the
charge; or

(b)on proof in the manner specified in subsection (2) or in such other manner
as may be prescribed;

(i)the satisfaction of a registered charge or of any part thereof;

(ii)the release of any part of registered land from a registered charge;

(2) For the purposes of subsection (1), the receipt of the registered owner of
a charge shall be sufficient proof of the satisfaction of the charge or, as
the case may be, of the part thereof, and a release signed by the registered
owner of a charge, or, where the registered owner is a body corporate, under
the seal of the body corporate, shall be sufficient proof of the release of
any part of registered land subject to that charge.

Creation of security by deposit of land certificate or certificate of charge.

© 1970 Crown Copyright

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