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Section 59 TPA — Mortgage wh en to be by assurance

The Transfer of Property Act, 1882 · Official PDF page 24

Open in NyayaOfficial PDF, page 24

59. Mortgage wh en to be by assurance .—Where the principal money secured is one hundred rupees or upwards, a mortgage 5[other than a mortgage by deposit of title -deeds] can be effected only by a registered instrument signed by the mortgagor and attested by at least two witnesses. Where the principal money secured is less than one hundred rupees, a mortgage may be effected either by 6[a registered instrument] signed and attested as aforesaid, or (except in the case of a simple mortgage) by delivery of the property. 7* * * *

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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