Real Property Mortgage Act 2003.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
The Act makes provisions with respect to: establishment of mortgages on leasehold interest, status of security, requirements for mortgages, registration of mortgages, procedure for registration, priority of mortgage interests, effect of non-registration, foreclosure of mortgages, judicial foreclosure of mortgages, power of sale foreclosure, sale under power of sale, right to deficiency subsequent to foreclosure sale, discharge, foreign citizens as mortgagor, discharge of stale mortgage and various other matters relating to mortgages on real property and related rights and obligations (41 sections).
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Long title of text
An Act to provide for the mortgaging of freehold and leasehold interests in land and to provide for the registration of mortgages with the Land Registration Authority. This Act repeals and replaces the Real Property Mortgage Act, 1987.
Notes
Reprinted version of Title 24 Cap. 3 as at 2 August 2006.
Repealed
No
Serial Imprint
Marshall Islands Consolidated Legislation.
Source language
English
Legislation Amendment
No
Repeals