652. Discharge of building society mortgages.

(iii)     Discharge of Mortgage as Transfer

652.     Discharge of building society mortgages.

The provisions relating to statutory receipts1 apply (in substitution for the like provisions relating to receipts given by or on behalf of a building society2) to the discharge of a mortgage made to any building society, provided that the receipt is executed in the manner required by the statute relating to the society3. However, when all the money intended to be secured by the mortgage given to the building society has been fully paid or discharged, the society may endorse on