WebJan 13, 2012 · The Mortgage Regulations, 2012. (under section 41 of the Mortgage Act, 2009, Act No. 8 of2009) In exercise of the powers conferred upon the Minister responsible for. lands by section 41 of the Mortgage Act, 2009 and in consultation with the. Central … WebSep 1, 2024 · For instance, Regulation 13 (1) and 13 (4) of the Mortgage regulations 2012 provides that; “ The court may on the application of the mortgagor…..or any other interested party and for reasonable cause, adjourn a sale by public auction to a specified date and time upon payment of a security deposit of 30% of the forced sale value of the mortgaged …
PROCEDURE AND GUIDELINES FOR SALE OF MORTGAGED PROPERTY IN UGANDA
WebSep 23, 2024 · Public advertisement of the sale of property. The mortgagee must publicly advertise the sale in advance of the sale by public auction for at least thirty days. The advert should be placed in a Newspaper of wide of wide circulation in the area concerned. (S.28 (2) Mortgage Act and Regulation 8 (2) and (4) of the Mortgage Regulations) During the ... WebOct 27, 2024 · Mr Joel Basoga, an associate with Cristal Advocates, says mortgages are important because they can help individuals secure money to develop their business. … nun father ted
CREATING A LEGAL MORTGAGE IN UGANDA
WebOct 20, 2024 · The legal regime on sale of the mortgaged property is under the Mortgage Act No.8 of 2009, Mortgage Regulations 2012, the Land Act, Cap. 227 as amended, … WebThis paper is basically meant to lay down the law on Mortgages and show how a legal mortgage is created under the laws of Uganda. INTRODUCTION A mortgage is a conveyance of a legal or equitable … WebSep 9, 2011 · THE MORTGAGE REGULATIONS, 2012 _____ ARRANGEMENT OF REGULATIONS. Regulation. PART I—PRELIMINARY. 1. Title. 2. ... THE REPUBLIC … nissan frontier 2003 reviews