[wellylug] NZ laws on Data retention

[bob dugan]

A deed is a witnessed writing under Property Law Act 1952 s 4.   Use of a s4 
deed or a statutory equivalent is required for some transactions [conveyances 
and mortgages of real property].  In other cases, deeds are used to 
facilitate enforcement in the case of a dispute.

Bob

On Tuesday 21 June 2005 12:05, Michael Robinson wrote:
> > On Tuesday 21 June 2005 09:23, Michael Robinson wrote:
> > > Loans (mortgages, principally) can be contested in court up to 7
> > > years *after* the termination of the loan contract.  So for banks,
> > > the theoretical retention period is 37 years (30 year loan + 7).
>
> On Tue, Jun 21, 2005 at 10:49:03AM +1200, bob dugan wrote:
> > A 30 year mortage represented by a deed
> > may need to be held for 42 years.
>
> Trust him, not me.  He obviously knows more than I do.  :)
>     -- michael.