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Mortgage Act (Cap. 229).

Country/Territory
Uganda
Document type
Legislation
Date
1974 (2000)
Source
FAO, FAOLEX
Original source
Laws of Uganda.
Long title
An Act to amend the law relating to mortgages and for other matters connected therewith or incidental thereto.
Subject
Land & soil
Keyword
Land tenure Inheritance Legal proceedings/administrative proceedings
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries
Abstract

This Act makes provision in relation with any mortgage, charge, debenture, loan agreement or other encumbrance, whether legal or equitable, which constitutes a charge over an estate or interest in land in Uganda or partly elsewhere. It provides rules relative to: realization of security, remedies upon failure of performance of any covenant in a mortgage, issue of special certificate of title to mortgagor by the Registrar and fixing of mortgage rates by the Minister. A mortgagee may realize his or her security under a mortgage by appointing a receiver, by taking possession of the mortgaged land and by foreclosure.

Full text
English
Website
www.ulii.org