The Redemption of Mortgages (Himachal Pradesh) Act, 1971
The Redemption of Mortgages (Himachal Pradesh) Act, 1971
The Redemption of Mortgages (Himachal Pradesh) Act, 1971 provides a summary procedure for landowners to redeem mortgaged agricultural land in Himachal Pradesh. It applies to agricultural land mortgages covering up to 50 acres or involving a principal debt of no more than 5,000 rupees. Under this law, mortgagors can apply directly to the local district Collector to pay off their debt and reclaim their land, avoiding lengthier civil court proceedings. The Collector evaluates the claim, verifies the deposited amount, summons the lender, and orders the return of property and title deeds. This legislation matters because it offers an accessible, low-cost legal mechanism for rural landowners and farmers to recover their mortgaged property quickly.
- 0. Preamble
- 1. Short title, extent, commencement and limitation of scope of Act to certain mortgages
- 2. Definitions
- 3. Application of certain sections of the Punjab Tenancy Act, 1887 and the Himachal Pradesh Act No. 15 of 1954
- 4. Petition for redemption, verification, deposit and particulars to be contained in petition
- 5. Mortgagee to be summoned
- 6. Procedure when petitioner is absent and mortgagee present
- 7. Procedure when petitioner is present and mortgagee absent
- 8. Procedure when both parties are in attendance, order for redemption
- 9. Procedure in contentious cases
- 10. Inquiry into objection raised by mortgagee
- 11. Inquiry regarding sum due
- 12. Saving of suits to establish rights and setting aside ex-parte orders or orders of dismissal
- 13. No second petition
- 14. Return of deposit
- 15. Deposit not to be attached
- 16. Cessation of interest
- 17. Power to make rules
- 18. Repeal and savings
PDF: pending for this language.