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Under Section 60A of the Transfer of Property Act, 1882, a mortgagor entitled to redeem has met the…

Under Section 60A(1) of the Transfer of Property Act, 1882, a mortgagor who satisfies the conditions for re-transfer may require the mortgagee to assign the mortgage debt…

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Under Section 60A of the Transfer of Property Act, 1882, a mortgagor entitled to redeem has met the conditions for re-transfer and directs a mortgagee who has never been in possession to assign the mortgage debt and transfer the property to a named third person. What must the mortgagee do?

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Answer and explanation

Correct answer B

Under Section 60A(1) of the Transfer of Property Act, 1882, a mortgagor who satisfies the conditions for re-transfer may require the mortgagee to assign the mortgage debt and transfer the mortgaged property to a third person instead of re-transferring it to the mortgagor. The mortgagee must comply with a valid direction. Under Section 60A(3), this right does not apply to a mortgagee who is or has been in possession.

Option feedback

Option A

A valid direction requires transfer to the third person designated by the mortgagor.

Option B

Section 60A(1) requires both assignment of the debt and transfer of the property as directed.

Option C

The duty covers the mortgage debt as well as the mortgaged property.

Option D

The mortgagee must comply with the valid direction to assign and transfer.

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