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Real Property Mortgage Act 1987.

Country/Territory
Marshall Islands
Document type
Legislation
Date
1987 (2005)
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Land tenure Legal proceedings/administrative proceedings
Geographical area
Micronesia, Oceania, South Pacific
Abstract

The Act makes provisions with respect to: establishment of mortgages on leasehold interest, requirements for mortgages, registration of mortgages, procedure for registration, priority of mortgage interests, effect of non-registration, foreclosure of mortgages, judicial foreclosure of mortgages, power of sale foreclosure, sale under power of sale, right to deficiency subsequent to foreclosure sale, discharge, re-conveyance and satisfaction, prohibition of impairment of security, appointment of receiver, and registration of assignments. (17 sections)

Full text
English
Website
www.paclii.org

References - Legislation

Repealed by

Real Property Mortgage Act 2003.

Legislation | Marshall Islands | 2003 (2006)

Keyword: Land tenure, Legal proceedings/administrative proceedings

Source: FAO, FAOLEX