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L&Q Procedure Income Collection Document owner Department: Consultation: Approved by SG: Review date: Suitable for external release:Jason Christensen Central Resident Services HP Dec 2010 25/01/2011
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LAMPQ procedure stands for Local Authority Mortgagee Possession Quantity. It is a legal process used by local authorities to repossess properties when homeowners default on mortgage payments.
Local authorities or mortgagees are required to file the LAMPQ procedure.
The LAMPQ procedure typically involves submitting a possession claim to the court along with relevant documentation and evidence of default on mortgage payments.
The purpose of the LAMPQ procedure is to enable local authorities or mortgagees to repossess properties from homeowners who have defaulted on mortgage payments.
The LAMPQ procedure requires detailed information about the mortgage agreement, defaults on payments, attempts to resolve the issue, and the current status of the property.
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