Mortgage (Amendment) Act 2024

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Official translationFrom Department of Government Printing, unchanged

s 1Short title and date of operation

(1)

This Act may be cited as the Mortgage

(Amendment) Act, No. 20 of 2024.

(2)

The provisions of this Act, other than the provisions of this section, shall come into operation on such date as the

Minister may appoint by Order published in the Gazette.

(3)

The provisions of this section shall come into operation on the date on which the Bill becomes an Act of

Parliament.

s 2Insertion of new section 68A in Chapter 89

The following new section is hereby inserted immediately after section 68 of the Mortgage Act

(Chapter 89) and shall have effect as section 68A of that enactment :-

68A. The provisions of Part III of this Act shall only apply to any movable property in so far as they are not inconsistent with the provisions of the Secured Transactions Act,

No. 17 of 2024, from and after the date of coming into operation of the said Secured Transactions

Act.’’.

s 3Sinhala text to prevail in case of inconsistency

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.

“Application of Part III to movable property