Singapore legislation
Clause 10
Clause 10
Surrender of title to land subject to subsisting mortgage, statutory charge or caveat
Without prejudice to section 9, where the President agrees to accept the surrender of title to land for the issue of one or more fresh titles, the President may do any or all of the following:
where the surrender is of the title to land of one type of tenure for the reissue of one or more fresh titles with similar tenure, accept the surrender of the title to the land subject to any subsisting mortgage with the consent of the mortgagee and the Registrar; and
accept the surrender of the title to the land subject to any subsisting statutory charge in favour of the Central Provident Fund Board or caveat notified under this Act with the consent of the Registrar.