# data[].attributes.body
Mortgage (Amendment) Act (No. 3 of 1990) - Sect 3

Insertion of new section 47A in the principal enactment

3. The following new section is inserted immediately after section 47 and shall have effect as section 47A of the principal enactment: 47A. (1) Where at the time of the execution of a mortgage bond in favour of a lending institution for the payment of a loan, the principal of which exceeds one hundred and fifty thousand rupees the mortgagor executes a separate instrument, attested by the notary attesting the bond and by the witnesses to the bond containing

(2) In any case referred to in subsection (1), no process shall issue for the seizure and sale of any property of the mortgagor, other than the mortgaged property, until the mortgaged property is sold and the proceeds thereof applied in satisfaction of the decree.

(3) Where the separate instrument referred to in subsection (1) is to be executed by any mortgagor, it shall be the duty of the notary to explain to the mortgagor, that the instrument provides for the renunciation of the benefit of section 46 and that the effect of such renunciation is that, in addition to the mortgaged property, other property of the mortgagor is liable to be sold in execution of a decree in an action upon the mortgage.

(4) No stamp duty shall be payable upon the further instrument referred to in this section.

(5) Where the mortgage is created by an instrument referred to in section 69 which is attested by an officer of a lending institution, then for the purpose of the application of the provisions of subsection (1) and sub section (3) of this section, any reference in those provisions to the notary attesting the mortgage bond shall be deemed to be a reference to such officer.

(6) Nothing in this section shall apply to any action upon a mortgage created before the coming into force of this section.
(7) For the purpose of this section " lending' institution " means

# data[].attributes.attachment_link.description
This is the place to be if you're trying to participate in a live poll

# data[].attributes.body
Deed of transfer
Deed of gifts
ජයභූමි , ස්වර්ණභූමි ,රන්බිම etc...

# data[].attributes.attachment_link.readable_text
A general reminder for the members. Please spend few minutes to read this.

This WhatsApp Group created to share knowledge and ideas about our BOC Job related day-to-day works. If you have any bank, related problems / Issues 🤔(no matter how small) do not

You are invited to the group BOC Knowledge Share. Click above to join.

# data[].attributes.attachment_link.description
A general reminder for the members. Please spend few minutes to read this. This WhatsApp Group created to share knowledge and ideas about our BOC Job related day-to-day works. If you have any bank, related problems / Issues 🤔(no matter how small) do not

# data[].attributes.headline
කතා කරන්න ඕනි කියල හිතන ලෝන් scheme මේකෙ කමෙන්ට් කරන්න

# data[].attributes.subject
කතා කරන්න ඕනි කියල හිතන ලෝන් scheme මේකෙ කමෙන්ට් කරන්න

# data[].attributes.attachment_link.title
Five Pillars Analysis- Financial Evaluation

# data[].attributes.body
ඇහෙනවා…!!!

# data[].attributes.body
එල

# data[].attributes.body
Good Night thanks….

# data[].attributes.body
මරු අයියේ මේ වැඩේ. A/L කාලේ වගේ ආයෙත්…

# data[].attributes.attachment_link.title
Press Releases - External Sector Performance | Central Bank of Sri Lanka

# data[].attributes.attachment_link.title
External Sector Performance -July 2021 (1)

# data[].attributes.headline
ප්‍රශ්න තියන අය මේකෙ දාන්න ✔

# data[].attributes.subject
ප්‍රශ්න තියන අය මේකෙ දාන්න ✔

# data[].attributes.attachment_link.description
This is a Meetup place for Bankers in 🇱🇰