Property and its Uses as Security

PBL – APR 2016 – L1 – Q7 – Mortgages and Recovery Options

Explain second and sub-mortgages, and options for bank to recover defaulted loan secured by house, with recommendation

Question

a. Explain the following i. A second mortgage [5 Marks] ii. A sub-mortgage [5 Marks]

b. A borrowed GHS60000.00 from XYZ Bank Limited secured with his house at East Legon. A has defaulted in the payment of the money. What options are available to the bank and which would you recommend to the bank for the recovery of its money?

Answer

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Tags: econd Mortgage, Loan Default, Recovery Methods, sub-mortgage
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2016

PBL – OCT 2022 – L1 – Q3 – Land Ownership under Ghanaian Customary Law

Discuss three different kinds of land ownership under Ghanaian Customary Law.

Question

Discuss any three (3) different kinds of land ownership known under the Ghanaian Customary Law. (20 marks)

Answer

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Tags: Customary Law, Ghanaian Property, Land Ownership, Real Property, Security Interests
Level: Level 1

Topic: Property and its Uses as Security
Series: OCT 2022

PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan

Explain options for a bank to recover a defaulted loan secured by a mortgage and recommend one with reasons.

Question

Kwame Burger borrowed GH₵ 1 million from PPT Bank Ltd and mortgaged his house to secure the loan. He has since defaulted in the repayment of the loan. Explain the options available to the PPT Bank to recover the indebtedness of Kwame Burger. Which one you would recommend and why?

(20 marks)

Answer

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Tags: Banking Security, Defaulted Loans, Ghanaian Banking Regulations, Loan Recovery, Mortgage
Level: Level 1

Topic: Property and its Uses as Security
Series: OCT 2022

PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery

Explain second mortgage and sub-mortgage; outline options for a bank to recover a defaulted GHS600,000 loan secured by a house and recommend one.

Question

(a) Explain the following I. A second mortgage ii. A sub-mortgage (b) A borrowed GHS600,000.00 from XYZ Bank Limited secured with his house at East Legon. A has defaulted in the payment of the money. What options are available to the bank, and which would you recommend to the bank for the recovery of its money?

Answer

Find Related Questions by Tags, levels, etc.

Tags: bank remedies, debt enforcement, Ghanaian land law, mortgage default, Property Security, recovery options, Second mortgage, sub-mortgage
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2016

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

Question

KB borrowed GHS50,000.00 from XYZ Bank Limited (under the Home Mortgage Finance Act, 2008 (Act 770)) to enable him to complete his residential property. KB has failed to make an instalment payment on a due date.

A) What steps should the bank take and when will KB be considered to be in default?

B) What remedies are available to XYZ Bank upon KB’s default?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Act 770, Banking Loans, Borrower Default, Default, Home Mortgage Finance Act, Mortgage Security, Property Security, Remedies
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2014

PBL – APR 2016 – L1 – Q7 – Mortgages and Recovery Options

Explain second and sub-mortgages, and options for bank to recover defaulted loan secured by house, with recommendation

Question

a. Explain the following i. A second mortgage [5 Marks] ii. A sub-mortgage [5 Marks]

Answer

Find Related Questions by Tags, levels, etc.

Tags: econd Mortgage, Loan Default, Recovery Methods, sub-mortgage
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2016

PBL – OCT 2022 – L1 – Q3 – Land Ownership under Ghanaian Customary Law

Discuss three different kinds of land ownership under Ghanaian Customary Law.

Question

Discuss any three (3) different kinds of land ownership known under the Ghanaian Customary Law. (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Customary Law, Ghanaian Property, Land Ownership, Real Property, Security Interests
Level: Level 1

Topic: Property and its Uses as Security
Series: OCT 2022

PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan

Explain options for a bank to recover a defaulted loan secured by a mortgage and recommend one with reasons.

Question

(20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Security, Defaulted Loans, Ghanaian Banking Regulations, Loan Recovery, Mortgage
Level: Level 1

Topic: Property and its Uses as Security
Series: OCT 2022

PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery

Explain second mortgage and sub-mortgage; outline options for a bank to recover a defaulted GHS600,000 loan secured by a house and recommend one.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: bank remedies, debt enforcement, Ghanaian land law, mortgage default, Property Security, recovery options, Second mortgage, sub-mortgage
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2016

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

Question

A) What steps should the bank take and when will KB be considered to be in default?

B) What remedies are available to XYZ Bank upon KB’s default?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Act 770, Banking Loans, Borrower Default, Default, Home Mortgage Finance Act, Mortgage Security, Property Security, Remedies
Level: Level 1

Topic: Property and its Uses as Security
Series: APRIL 2014

Topic: Property and its Uses as Security

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PBL – APR 2016 – L1 – Q7 – Mortgages and Recovery Options

Explain second and sub-mortgages, and options for bank to recover defaulted loan secured by house, with recommendation

PBL – OCT 2022 – L1 – Q3 – Land Ownership under Ghanaian Customary Law

Discuss three different kinds of land ownership under Ghanaian Customary Law.

PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan

Explain options for a bank to recover a defaulted loan secured by a mortgage and recommend one with reasons.

PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery

Explain second mortgage and sub-mortgage; outline options for a bank to recover a defaulted GHS600,000 loan secured by a house and recommend one.

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

PBL – APR 2016 – L1 – Q7 – Mortgages and Recovery Options

Explain second and sub-mortgages, and options for bank to recover defaulted loan secured by house, with recommendation

PBL – OCT 2022 – L1 – Q3 – Land Ownership under Ghanaian Customary Law

Discuss three different kinds of land ownership under Ghanaian Customary Law.

PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan

Explain options for a bank to recover a defaulted loan secured by a mortgage and recommend one with reasons.

PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery

Explain second mortgage and sub-mortgage; outline options for a bank to recover a defaulted GHS600,000 loan secured by a house and recommend one.

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

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PBL – APR 2016 – L1 – Q7 – Mortgages and Recovery Options

Explain second and sub-mortgages, and options for bank to recover defaulted loan secured by house, with recommendation

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PBL – OCT 2022 – L1 – Q3 – Land Ownership under Ghanaian Customary Law

Discuss three different kinds of land ownership under Ghanaian Customary Law.

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PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan

Explain options for a bank to recover a defaulted loan secured by a mortgage and recommend one with reasons.

You're reporting an error for "PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan"

PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery

Explain second mortgage and sub-mortgage; outline options for a bank to recover a defaulted GHS600,000 loan secured by a house and recommend one.

You're reporting an error for "PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery"

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

You're reporting an error for "PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act"

PBL – APR 2016 – L1 – Q7 – Mortgages and Recovery Options

Explain second and sub-mortgages, and options for bank to recover defaulted loan secured by house, with recommendation

You're reporting an error for "PBL – APR 2016 – L1 – Q7 – Mortgages and Recovery Options"

PBL – OCT 2022 – L1 – Q3 – Land Ownership under Ghanaian Customary Law

Discuss three different kinds of land ownership under Ghanaian Customary Law.

You're reporting an error for "PBL – OCT 2022 – L1 – Q3 – Land Ownership under Ghanaian Customary Law"

PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan

Explain options for a bank to recover a defaulted loan secured by a mortgage and recommend one with reasons.

You're reporting an error for "PBL – OCT 2022 – L1 – Q1 – Recovery Options for Defaulted Mortgage Loan"

PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery

Explain second mortgage and sub-mortgage; outline options for a bank to recover a defaulted GHS600,000 loan secured by a house and recommend one.

You're reporting an error for "PBL – APR 2016 – L1 – Q7 – Mortgages and Default Recovery"

PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act

Scenario of a borrower failing to pay an installment on a home mortgage loan under Act 770; queries on steps the bank should take, when default occurs, and remedies available to the bank.

You're reporting an error for "PBL – APR 2014 – L1 – Q6 – Default and Remedies under Home Mortgage Finance Act"

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