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Biblioteca Agricultural Loans Act.

Agricultural Loans Act.

Agricultural Loans Act.

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This Act allows owners or occupiers of land for cultivation to pledge crops growing on the land and other produce originating from the land as security for agricultural loans. The Act defines the effect of the pledge and requires contracts to be recorded with the Record Office. The Act also defines powers of creditors in relation with recovery of loans and defines the offence of fraud by the borrower.

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