The Mortgage & Property Law 2010 of Lagos State: An Overview

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dc.contributor.authorADEKILE, OLUWAKEMI
dc.date.accessioned2022-09-19T07:52:39Z
dc.date.available2022-09-19T07:52:39Z
dc.date.issued2015
dc.descriptionScholarly articleen_US
dc.description.abstractThis is an evaluation of the Lagos State Mortgage and Property law 2010 as it impacts the administration of mortgage transactions in the State. In enacting the law, Lagos State has the objective of encouraging the growth of mortgages in real property and for the acquisition of consumer loans for acquisition of properties and realization of securities. Until its enactment mortgage transactions in Lagos State was governed by a myriad of laws without any centralized regulatory body. Mortgage finance, administration and securitization were subsumed within the general land tenure and land use legislation, devoid of institutional and formalized mortgage scheme to enable financing of real property mortgage. It finds that the Mortgage Board established by the law gives a fresh impetus for mortgage financing coupled with an arbitration option. The paper concludes that the Mortgage and Property Law is significant for socio-economic impact being a catalyst for home ownership schemes. It posited that the ability of the law to achieve its goal is critically hinged on the sincerity of its implementation.en_US
dc.identifier.citationADEKILE, OLUWAKEMI (2015) “The Mortgage & Property Law 2010 of Lagos State: An Overview” Essays on the Lagos State Mortgage & Property Law 2010 I. O. Smith & E. O. Oni Ed. pp. 254-275.en_US
dc.identifier.isbn978-978-947-184-3
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/11512
dc.language.isoenen_US
dc.publisherDepartment of Private & Property Law, Faculty of Law, University of Lagosen_US
dc.subjectmortgage, property, Lagos State, equitable mortgage, credit, mortgage and property lawen_US
dc.subjectmortgageen_US
dc.subjectpropertyen_US
dc.subjectLagos Stateen_US
dc.subjectequitable mortgageen_US
dc.subjectCrediten_US
dc.subjectResearch Subject Categories::LAW/JURISPRUDENCEen_US
dc.titleThe Mortgage & Property Law 2010 of Lagos State: An Overviewen_US
dc.typeBook chapteren_US
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