Mortgage Insurance Act.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
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.
Attached files
Web site
Notes
Consolidated version of Law No. 26 of 1960 as amended last by Act No. 9 of 2008 and authorized by L.N. 123/2011.
Repealed
No
Source language
English
Legislation Amendment
No
Implemented by