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MORTGAGE INSTITUTIONS ACT

Section 6: Duty to evaluate proposals.

1989Section 6 of 27•Federal Republic of Nigeria

Every mortgage institution shall-(a) conduct propel evaluation of the mortgage loan proposal submitted to it; and
(b) monitor the construction or extension of any dwelling house in respect of which a loan is granted.

Cite this section

Section 6, MORTGAGE INSTITUTIONS ACT (1989).

https://repo.podus.ai/laws/mortgage-institutions-act/section/6/