This Decree was repealed on 2011-09-02 by Mortgage Act, 2009.
Mortgage Act
Related documents
- Is repealed by Mortgage Act, 2009
Uganda
Mortgage Act
Chapter 229
- Commenced on 9 August 1974
- [This is the version of this document at 31 December 2000.]
- [Note: This legislation was revised and consolidated as at 31 December 2000 and 31 December 2023 by the Law Reform Commission of Uganda. All subsequent amendments have been researched and applied by Laws.Africa for ULII.]
- [Repealed by Mortgage Act, 2009 (Act 8 of 2009) on 2 September 2011]
1. Interpretation
In this Act, unless the context otherwise requires—2. Remedies upon breach of covenant
3. Realisation of security
A mortgagee may realise his or her security under a mortgage—4. Appointment of a receiver
A receiver may be appointed in writing either by the mortgagee himself or herself under a power expressly provided in the mortgage in that behalf, or by the court, upon application for the appointment by the mortgagee.5. Position of the receiver
6. Remuneration, powers and duties of the receiver
7. Possession by mortgagee
8. Foreclosure
9. Sale by foreclosure
10. Sale otherwise than by foreclosure
Where the mortgage gives power expressly to the mortgagee to sell without applying to court, the sale shall be by public auction unless the mortgagor and encumbrancers subsequent to the mortgagee, if any, consent to a sale by private treaty.11. Application of proceeds from a sale
12. Extinction of certain rights
13. Registrar may issue special certificate of title to mortgagor, etc.
14. Power of Minister to fix mortgage rates
15. Applications and fees
The provisions of the Registration of Titles Act relating to applications to the registrar or to the High Court or the court, as the case may be, and fees payable for the applications shall, mutatis mutandis, apply to similar applications under this Act.16. Liability of guarantors, etc.
The obligations of any party to any agreement or arrangement collateral to a mortgage, whether by way of guarantee, indemnity or otherwise, shall be no greater than the obligations of the mortgagor under the mortgage.17. Regulations
The Minister may, by statutory instrument, make regulations for—History of this document
02 September 2011
Repealed by
Mortgage Act, 2009
31 December 2000 this version
Consolidation
09 August 1974
Commenced