HOME MORTGAGE FINANCE ACT, 2008 (ACT 770)
Section 14—Appointment of receiver on default
(1) Where a mortgagor fails to perform an act secured by a mortgage, the mortgagee may appoint a receiver to manage the mortgaged property.
(2) In the exercise of a right of appointment of a receiver, the mortgagee is not obliged to take court proceedings.
(3) The receiver is the agent of the mortgagee.
(4) The mortgagee may revoke the appointment of the receiver in writing to the receiver.
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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