Mortgages Act, 1972 N.R.C.D. 96
Section 22:
(1) A mortgagee shall be redeemed on acceptance of a tender of performance and compensation under section 20 or on an order for redemption, but a person who redeems is entitled to require the mortgagee to issue a written discharge.
(2) Where a written discharge is issued to a person other than the mortgagor or the successor to the entire interest in the mortgaged property, it shall operate as a transfer of the mortgagee’s interest in the mortgage.
(3) In a written discharge given under this section the same covenants shall be implied as if the person who executes the discharge had been expressed to transfer as mortgagee subject to an interest prior to the mortgage.
Procedure to Follow
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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
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