You are viewing the translated version of दृष्टिबन्धकीको भाखाको अधिकतम अवधि.

Section 443
The maximum duration of the loan is

(1) No mortgage for more than five years can be kept while giving or taking a property mortgage.
(2) Without completion of the period as per sub-section (1), the creditor shall not be able to collect the property pledged from the debtor or take action to recover the related debt.
(3) After the period under sub-section (1), the property enjoyed will be allowed to be enjoyed for ten years.
(4) If the mortgaged property is not taken back within the period of ten years after it has been enjoyed in accordance with sub-section (3), the related document will be null and void.