Mortgage Insurance Act.
Resource information
Resource Language
ISBN / Resource ID
LEX-FAOC088149
License of the resource
Copyright details
© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.
This Act grants power to the Jamaica Mortgage Bank to effect contracts of insurance for loans insurable under this Act. Loans include loans for the purchase of agricultural land and loans secured by a first mortgage on agricultural land or not exceeding twenty-five years in term. The Act also provides for criteria and procedures for the execution of the insurance. The Bank shall establish a Mortgage Insurance Fund for purposes of this Act.
Implemented by: Mortgage Insurance Regulations. (1986)
Amended by: Mortgage Insurance (Amendment) Act (No. 19 of 2014). (2014-12-23)
