Bill amending Mortgage Act (Chapter 89) (dated 10/11/2023) – Ministry of Finance, Economic Stabilization and National Policies

  • 20th, November 2023
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– Bill amending Mortgage Act (Chapter 89) (dated 10/11/2023) – Ministry of Finance, Economic Stabilization and National Policies.

The Ministry of Finance, Economic Stabilization, and National Policies introduced a bill proposing insertion of Section 68A under the Mortgage Act (Chapter 89) to restrict the applicability of Part III of the Mortgage Act in relation to movable property upon the implementation of the Secured Transactions Act, No. of 2023. Please refer the bill for more details.

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