Where the principal money secured is one hundred rupees or upwards, a mortgage other than a mortgage by deposit of title deeds can be effected only by a registered instrument signed by the mortgagor and attested by at least two witnesses.
Where the principal money secured is less than one hundred rupees, a mortgage may be effected either by a registered instrument signed and attested as aforesaid or (except in the case of a simple mortgage) by delivery of the property.
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Section – 59. Mortgage when to be by assurance -. Bare Act of The Transfer of Property Act 1882 on JurisCrack with Case Laws and Video lecture
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