THE TRANSFER OF PROPERTY ACT, 1882 · OF MORTGAGES OF IMMOVEABLE PROPERTY AND CHARGES — Priority
Section 78 — Postponement of prior mortgagee
Where, through the fraud, misrepresentation or gross neglect of a prior mortgagee, another person has been induced to advance money on the security of the mortgaged property, the prior mortgagee shall be postponed to the subsequent mortgagee.