Written Laws (Miscellaneous Amendments) Act, 2018 (No. 1 of 2018).

This Act amends various written laws including the Land Act. It inserts in that Act new sections on the mortgage of land and investments in Tanzania based on obtained from a mortgage from a local or foreign bank. Such money shall be invested in Tanzania. It shall,- (a) where the mortgaged land is developed, be utilized for further development of the land, for investments or for other purposes; and (b) where the mortgaged land is undeveloped or underdeveloped, be utilized to develop part or whole of such mortgaged land. A Mortgagor shall within six months submit to the Commissioner information as to the manner in which the money obtained from the mortgage is invested to develop the mortgaged land.