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Mortgage Act, 2009 (No. 8 of 2009).

Country/Territory
Uganda
Document type
Legislation
Date
2009
Source
FAO, FAOLEX
Original source
Uganda Gazette No. 53 of 30 October 2009.
Long title
An Act to consolidate the law relating to mortgages; to repeal and replace the Mortgage Act; to provide for the creation of mortgages; for the duties of mortgagors and mortgagees regarding mortgages; for mortgages of matrimonial homes; to make mortgages take effect only as security; to provide for priority, tacking, consolidation and variation of mortgages; to provide for suits by mortgagors; the discharge of mortgages; covenants, conditions implied in every mortgage; the remedies of mortgagors and mortgagees in respect of mortgages; for the power of court in respect of mortgages; and for related matters.
Subject
Land & soil
Keyword
Legal proceedings/administrative proceedings Agricultural land
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries
Abstract

This Act concerns the creation, consolidation, discharge and release of mortgages and related matters. It also defines powers of a mortgagee and of the Court in respect of a mortgage. There shall be implied in every mortgage covenants by the mortgagor to protect the mortgagee. One of these covenants concerns a mortgage of land used for agricultural or pastoral purposes. Such land shall be used by the mortgagor in a sustainable manner and in accordance with the principles of good husbandry and any conditions subject to which the land is held and to comply with all written laws and lawful orders applicable to that use of the land.

Full text
English
Website
www.ulii.org

References - Legislation

Implemented by

Mortgage Regulations, 2012 (S.I. No. 2 of 2012).

Legislation | Uganda | 2011

Keyword: Legal proceedings/administrative proceedings, Transfer

Source: FAO, FAOLEX