Mortgages Act, 1972 N.R.C.D. 96
Section 9:
Unless a contrary intention appears expressly or by necessary implication, in a mortgage or transfer of a mortgage
(a) where two or more persons are expressed to mortgage or transfer or to join as covenanters, an implied covenant on their part shall be deemed to be a joint and several covenant by them;
and
(b) where there are two or more mortgages, or transferees an implied covenant with them shall be deemed to be a covenant with them jointly unless the performance secured by the mortgage is secured to them in shares or distinct sums of money in which case the implied covenant shall be deemed to be a covenant with each in respect of the share or distinct sum secured to the mortgagor.
Procedure to Follow
Not Avaiable
Responsible Institution
28th February Road, Finance Drv, Accra
- Email: info@mofep.gov.gh
- Website: www.mofep.gov.gh
- GPS: GA-144-2024
- Telephone: +233 302 747 197
Relevant Forms to Download
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Online System
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