Urban Settlement Development Authority Act 2008 · இயற்றப்பட்டவாறு · Part IV · Acquisition of Immovable and Mov,\ Ble Property and Sale of Lands Belonging to the Authority
32. Form of mortgage of land
அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள அல்லது தமிழ் உரையிலிருந்து வேறுபடும் இடங்களில் எந்த உரை மேலோங்கும் என்பதைச் சட்டமே குறிப்பிடுகிறது.
அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
(1)
Every mortgage of property executed in favour of the Authority as security for any loan shall be substantially in such form as approved by the Authority.
(2)
Any such mortgage as is referred to in subsection (1)
may include a covenant that a higher rate of interest than that on which the loan was granted shall be paid, if the borrower fails or neglects to make any payment due on account of interest, principal or otherwise under the mortgage in full and on the due date.