HOME MORTGAGE FINANCE ACT, 2008 (ACT 770)
Section 19—Reserved price of mortgaged property
(1) A mortgagee shall not sell a mortgaged property for less than eighty-five per cent of the appraised market value of the property.
(2) Where there is no sale at eighty five per cent of the appraised market value after two attempts at sale, the property may be sold at a price less than eighty-five percent of the appraised market value.
Subject : Mortgage
Procedure to Follow
Not Avaiable
Responsible Institution
Securities and Exchange Commission
No. 30, 3rd Circular Road, Cantonments, Accra.
- Email: info@sec.gov.gh
- Website: https://sec.gov.gh/
- GPS: GL-076-6028
- Telephone: 0302768970
Relevant Forms to Download
Online System
Fees/ charges
Not Avaiable
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