Land Registration Act (Northern Ireland) 1970 (c. 18)

PART IV N.I. DEALINGS WITH REGISTERED LAND

N.I. Modification and discharge of burdens

49 Discharge, etc., of registered charges. N.I.

(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;

note on the[F1 title register]

(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;

and, thereupon, the charge shall, to the extent so noted, cease to operate.

(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.

F1 1992 NI 7