Western Australian Repealed Acts

This legislation has been repealed.

CONSUMER CREDIT (WESTERN AUSTRALIA) CODE - SECT 97

97 .         Matters for which account can be debited after mortgagee sale of goods

                A credit provider that sells mortgaged goods under section 96 is entitled to deduct from the proceeds of that sale only the following amounts —

            (a)         the amount currently secured by the mortgage in relation to the credit contract, not being more than the amount required to discharge the contract;

            (b)         the amount payable to discharge any prior mortgage to which the goods were subject;

            (c)         the amounts payable in successive discharge of any subsequent mortgages to which the goods were subject and of which the credit provider had notice;

            (d)         the credit provider’s reasonable enforcement expenses.