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    Question

    The type of mortgage in which the title deeds of the

    property are given to the lender is called
    A Equitable Mortgage Correct Answer Incorrect Answer
    B Reverse Mortgage Correct Answer Incorrect Answer
    C Simple Mortgage Correct Answer Incorrect Answer
    D Usufructuary Mortgage Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Equitable Mortgage: In this type of mortgage, the title deeds of the property are given to the lender. It is done to secure the property In case of Usufructuary Mortgage , a benefit is to the lender. The lender has the right over the property for the due course of the loan period, he can put the property on rent or use it for other purposes until the repayment of the amount. But the main rights lie with the owner himself

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