Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 150:

In page 381, to delete lines 17 and 18 and substitute the following:“(a) Form 60, 60A or 60B set out in the Schedule of Forms to the Land Registration Rules 2012 (S.I. No. 483 of 2012) as amended by the Land Registration Rules 2013 (S.I. No. 389 of 2013), or”.

The purpose of the amendment is to address any ambiguity there might be as regards the definition of a charge. This section reflects the intent, namely, that charges over cash, deposit accounts, shares, securities and other items listed would not require registration. As the Bill stands, the language is ambiguous, as it could mean that a mortgage or charge, which could involve a number of assets, including, say, one of the excluded ones such as cash, does not have to be registered at all. This was not intended.

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