(1) If the debtor does not comply with the acceptance of the conditions mentioned in the document or contract related to the loan transaction, or if he does not pay the loan and the interest or damages incurred within the terms of the document or contract, or if it is found that the debtor has misused the loan for the purpose for which he took the loan during the monitoring according to section 56 Regardless of what is written in the related document or prevailing law, the related bank or financial institution may recover the principal and interest by auctioning the security written or mortgaged by the debtor to the bank or financial institution. (2) Whatever is written in the prevailing law However, if the security given by the borrower to the bank or financial institution in writing or mortgaged is relinquished in any way or if the value of the security decreases due to any other reason, the bank or financial institution may require such borrower to provide additional mortgage security by giving a certain deadline and the borrower within the period specified by the bank or financial institution. (3) According to sub-section (2), if the borrower does not keep additional mortgage or if the interest cannot be recovered from the mortgage security, the bank or financial institution shall collect its interest from other movable and immovable property owned by the debtor or to which the debtor is entitled in accordance with the prevailing law. (4) In accordance with this section, the amount of expenses incurred in recovering the principal, interest and damages through auction sale or other arrangements, and if there is any remaining amount after deducting the amount of principal, interest and damages from the bank or financial institution, return such remaining amount to the respective debtor. (5) The bank or financial institution shall send a written notice to the relevant office to cancel the registration or filing in accordance with the prevailing law in the name of the person who transferred the property auctioned in accordance with this section. If so, the relevant office shall cancel the registration or filing in the name of the person conducting such auction, regardless of what is written in the prevailing law.If someone fails to sell the property at auction, the bank or financial institution may take possession of such property as specified. (8) According to sub-section (7), the property owned by the bank or financial institution shall be sent in writing to the relevant office for cancellation of registration or filing in its name. If it is written in such a way, regardless of what is written in the prevailing law, the relevant office shall cancel the registration or filing of such property in the name of the bank or financial institution. If it is done, the concerned body of the Nepal government will enforce the relief in accordance with the prevailing law. (10) The licensed institution shall not be allowed to stop the recovery of the loan that has been written off under the prevailing loan write-off regulations. If the loan is not repaid within the terms mentioned in the loan transaction document or agreement, the bank or financial institution shall send a written notice to the Credit Information Center Limited to place such borrower on the black list in accordance with the prevailing law. or if the financial institution can recover such debt from any other property of the debtor located abroad, for that purpose, it may take necessary actions related to debt recovery, including freezing the assets, in accordance with the prevailing law. If the recovery is not possible, the concerned bank or financial institution can request the National Bank for the necessary arrangements to stop and confiscate the debtor's passport and deprive the concerned debtor of any facilities provided by the state. After receiving such a request, the Rastra Bank will send it to the Government of Nepal for necessary action along with its opinion.It shall not be considered that he has been prevented from proceeding with any offense under the prevailing law due to the cause of any action.