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Library Land (Small Mortgages) Regulations, 2001 (L.N. No. 75 of 2001).

Land (Small Mortgages) Regulations, 2001 (L.N. No. 75 of 2001).

Land (Small Mortgages) Regulations, 2001 (L.N. No. 75 of 2001).

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LEX-FAOC028338
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These Regulations regulate to a certain extend small mortgages. "Small mortgage" means a mortgage for a term not exceeding three years and for a sum not greater that five hundred thousand shilling. The maximum sum may be changed in accordance with regulation 5. Regulation 6 specifies the matters each instrument for a small mortgage shall provide. Every borrower shall notify the Commissioner of Lands or authorized officer regarding a small mortgage. Remedies as specified in regulation 8 require an order from the court.

Implements: Land Act, 1999 (No. 4 of 1999). (1999-05-15)

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