Section 60 of TPA : Section 60: Right Of Mortgagor To Redeem

Once the loan amount (principal) is due, the person who took out the loan (mortgagor) can pay back the loan or offer to pay it. They must do this at the right time and place. After that, they can ask the loan provider (mortgagee) to:

1. g

Example Scenario:

Imagine that John took a loan from ABC Bank and mortgaged his house as security for the loan. The loan was scheduled to be repaid by January 1, 2023. As per the terms