PART IV N.I.EXTENSION AND EXCLUSION OF TIME LIMITS

Part payment N.I.

Fresh accrual of right on payment: action by mortgagee to recover land N.I.

62.  Where—

(a) the right of a mortgagee of land to bring an action to recover the land has accrued; and

(b) the person in possession of the land or the person liable for the mortgage debt makes any payment in respect thereof, whether of principal or interest,

the right of action is to be treated as having accrued on and not before the date of the payment.