New Zealand Legislation: Regulations

25 What mortgagee must do to participate in mortgage diversion facility

• A mortgagee must, if the mortgagee agrees to participate in the mortgage diversion facility in respect of a mortgagor,—

  • (a) receive the statutory declaration referred to in regulation 24(b); and

  • (b) give to the mortgagor—

    • (i) notice of the mortgagee’s agreement to participate in the mortgage diversion facility in respect of the mortgagor; and

    • (ii) confirmation that the mortgage qualifies for participation in the mortgage diversion facility under regulation 23.

  Regulation 25: added, on 1 July 2007, by regulation 4 of the KiwiSaver Amendment Regulations 2007 (SR 2007/152).