New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the limitation period for a mortgagor to redeem

    or recover possession of immovable property mortgaged?
    A 15 years from the date possession is transferred Correct Answer Incorrect Answer
    B 20 years from the date the mortgage is created Correct Answer Incorrect Answer
    C 30 years from when the right to redeem or recover possession accrues Correct Answer Incorrect Answer
    D 10 years from the date the mortgage deed is registered Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Article 61 By a mortgagor— (a) to redeem or recover possession of immovable property mortgaged; Thirty years. When the right to redeem or to recover possession accrues.

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