122H No further action to be taken in respect of run-out mortgages
(1) A solicitor must not, in the solicitor’s capacity as solicitor for a lender or contributor:
(a) advance any money entrusted to the solicitor to a borrower for a run-out mortgage, or
(b) do any work for the purpose of extending the term of a run-out mortgage, or
(c) accept any money from a client for the purpose of advancing that money to a borrower for a run-out mortgage, or
(d) do anything else with respect to a run-out mortgage in contravention of the regulations or the solicitors rules relating to run-out mortgages.
(2) A solicitor who contravenes this section commits professional misconduct.