Bare Act

The Nagaland Land & Revenue Regulations (Amendment) Act 2002

The Nagaland Land and Revenue Regulation Amendment Act of 2002 regulates land mortgages and transfers throughout the state of Nagaland. It applies to local landowners, nationalized banks, registered cooperative societies, and other state-approved financial institutions. This law is significant because it allows indigenous residents to use their land as collateral to secure bank loans. To protect native land rights, the amendment ensures that if a borrower defaults, the lending institutions cannot sell or transfer the mortgaged land to non-indigenous people without official government approval, thereby safeguarding local land ownership while facilitating access to vital financial credit.

PDF: pending for this language.