59: Mortgage when to be by assurance
The Transfer of Property Act · Federal Acts · Chapter IV · in_force
Discuss this provision with AI
Mortgage when to be by assurance.—Where the principal money secured is one hundred rupees or upwards, a mortgage [other than a mortgage by deposit of title deeds] can be effected only by a registered instrument signed by the mortgagor and attested by at least two witnesses. Where the principal money secured is less than one hundred rupees, a mortgage may be effected either by [a registered instrument] signed and attested as aforesaid, or (except in the case of a simple mortgage) by delivery of the property. [* * * * * * *]
Related sections
58: "Mortgage," "mortgagor," "mortgagee," "mortgage money" and "mortgage deed" defined59A: References to mortgagors and mortgagees to include persons deriving title from them57: Provision by court for incumbrance and sale freed therefrom60: Right of mortgagor to redeem56: Marshalling by subsequent purchaser60A: Obligation to transfer to third party instead of re transference to Mortgagor
Version 1 · Source-traceable official reference. LawHub does not modify the official record.