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Banking Practice Note

(b) The two members who witnessed the seal must also sign the mortgage documents. Whenua Māori held by the owners 12. Where the title to whenua Māori is held directly by the owners (i.e. there is no administration structure such as a trust or incorporation in place over the land) a mortgage has to be approved by every owner on the title (ss 147 and 150C of the Act).

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