Secured Transaction Act, 2063 (2006)

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Section 58
Termination of mortgage rights

(1) If there is no secured obligation and the mortgagee has no commitment to make future loans, to assume the obligation or to give value in any other way, the right of mortgage shall be terminated. The right of mortgage will be terminated.
Secured Transaction Act, 2063 (2006)
Chapter - 4
Section 26: Maturity of mortgage rightsSection 27: Continuity of MaturitySection 28: Priority of mortgagee's rights in the same mortgaged propertySection 29: Priority of mortgage right over lienholder's rightSection 30: Implications of buying a mortgaged propertySection 31: Lessee of mortgaged propertySection 32: Notice of lien on the purchase priceSection 33: Sale of mortgaged property and gains thereonSection 34: Priority of mortgage rights on purchase price of equipmentSection 35: Priority of lien on purchase price in stock or domestic animalsSection 36: Priority of the right to take control of goodsSection 37: Connected similarSection 38: CropSection 39: InsertionSection 40: Miscellaneous GoodsSection 41: Purchase of Secured Sale Agreements and WarrantsSection 42: HandoverSection 43: Prohibition or Prohibition on Sale or TransferSection 44: Future DeliverySection 45: Alteration of priority