FREE COMPLETE STUDY MATERIAL NOTES FOR IBBI EXAMINATION
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ONLINE BATCH STUDY MATERIAL-50 HRS EDUCATIONAL COURSE UNDER RULE 5(1) READ WITH RULE 12(2)(a) FOR REGISTRATION AS VALUERS UNDER THE BANNER OF CEV IAF RVO
UNIT-5
CHAPTER-7
MORTGAGE-MEANING IN LAWS RELATED TO REAL ESTATE
As per Section 58 of transfer of property act: “Mortgage”, “mortgagor”, “mortgagee”, “mortgage-money” and “mortgage- deed” are defined as:
(i) MORTGAGE: It is the transfer of an interest in specific immoveable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability.
The transferor is called as mortgagor and the transferee as mortgagee; the principal money and ………………………READ MORE
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