You are viewing the translated version of बन्धकीमा दिएको सम्पत्ति हानि, नोक्सानी भएमा साहू जवाफदेही हुने.

Section 449
Loss of mortgaged property, creditor liable in case of loss

(1) After the creditor's usufructuary right in the mortgaged property is established, if such property is damaged in any way, the creditor will be responsible for it.
(2) In case of loss or damage to the property taken as a pledge according to sub-section (1), the creditor shall repair such property at his own expense and restore it to its original condition.
(3) Notwithstanding anything written in sub-section (1), the creditor shall not be liable for any loss or damage to the property taken as collateral, and the creditor shall take the written consent of the debtor to repair such loss or damage.
(4) In accordance with sub-section (3), the expenses incurred in carrying out maintenance shall be paid including such expenses in the creditor's pocket when the debtor takes back the mortgaged property.