Mortgages Act, 1972 N.R.C.D. 96
Section 20:
(1) A person entitled to redeem a mortgaged property may redeem that property by
(a) performing the acts secured by the mortgage which have yet to be performed, and
(b) compensating the mortgagee by payment of interest, costs and any other expenses due in respect of the failure to have timely performance of the acts secured by the mortgage.
(2) A tender of performance and compensation sufficient to redeem the mortgaged property shall, if refused by the mortgagee, have the effect of relieving the person offering to redeem from an obligation to pay compensation for a further delay in performance of the acts secured by the mortgage.
(3) Redemption may, but need not be, by an action for redemption.
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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