Statute of Limitations 1957

Fresh accrual of right of action on payment (action by mortgagee to recover land).

62

62.Where—

( a) the right of a mortgagee of land to bring an action to recover the land has accrued, and

( b) the person in possession of the land or the person liable for the mortgage debt makes any payment in respect thereof, whether of principal or interest,

the right of action shall be deemed to have accrued on and not before the date of the payment.