Resource information
This Act provides with respect to the application for and the granting of loans for an agricultural purpose, or for a purpose declared under section 39 to be an approved purpose, the security necessary for the support of such loans and relative proof of title of rights in land. Where a person applying to the Central Agricultural Rehabilitation Committee established under the Agriculture (Hurricane Rehabilitation) Act for a loan for an agricultural purpose, or for a purpose declared under section 39 to be an approved purpose, is unable to show a good title which satisfies the Committee (s)he may adopt the procedure prescribed in this Act. The Act sets out what the Committee can accept as security for loans, sets out the requirement for the establishment and execution of valid mortgages and allows title to the land, after execution of a mortgage, to be registered under the Deeds and Land Registry Act. The Act also provides with respect to claims (and limitation of action) by persons deprived of land in consequence of the provisions of this Act and the procedure thereafter, including sale of land subject of a claim where compensation is paid from the Compensation Fund during subsistence of mortgage. The Act also defines offences.
Implemented by: Facilities for Title Order (Cap. 99). (2013-12-23)
