2. Section 19A of the Debt Conciliation Ordinance (Chapter 81) (hereinafter referred to as the "principal enactment") is hereby amended as follows:"
(1) by the insertion immediately after subsection (1) of that section, of the following new subsection :-
| | '(1A) The Board shall not entertain any application by a debtor or creditor in respect of a debt purporting to be secured by any such transfer of immovable property as is a mortgage within the meaning of this Ordinance, unless that application is made within three years of the date of the notarially executed instrument, effecting such transfer : | | |
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(2) by the substitution in subsection (2) of that section for the words and figures "subsection (1)", of the words and figures "subsection (1) or subsection (1A)". |
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