This Act makes provision in relation with any mortgage, charge, debenture, loan agreement or other encumbrance, whether legal or equitable, which constitutes a charge over an estate or interest in land in Uganda or partly elsewhere. It provides rules relative to: realization of security, remedies upon failure of performance of any covenant in a mortgage, issue of special certificate of title to mortgagor by the Registrar and fixing of mortgage rates by the Minister. A mortgagee may realize his or her security under a mortgage by appointing a receiver, by taking possession of the mortgaged land and by foreclosure.
Uganda · 1974-08-09