According to Section 58 of Transfer of Property Act 1882, the Definition of Mortgage is:
“A mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, …….”
Types of Mortgage:
■Registered Mortgage
■Equitable Mortgage/Mortgage by
deposit of Title Deed (MODTD)
“A mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, …….”
Types of Mortgage:
■Registered Mortgage
■Equitable Mortgage/Mortgage by
deposit of Title Deed (MODTD)
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