Mortgage Act, 2009 (No. 8 of 2009).
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LEX-FAOC138029
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This Act concerns the creation, consolidation, discharge and release of mortgages and related matters. It also defines powers of a mortgagee and of the Court in respect of a mortgage. There shall be implied in every mortgage covenants by the mortgagor to protect the mortgagee. One of these covenants concerns a mortgage of land used for agricultural or pastoral purposes. Such land shall be used by the mortgagor in a sustainable manner and in accordance with the principles of good husbandry and any conditions subject to which the land is held and to comply with all written laws and lawful orders applicable to that use of the land.
Implemented by: Mortgage Regulations, 2012 (S.I. No. 2 of 2012). (2011-09-11)
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