Question

Under Section 100 of the Transfer of Property Act, 1882,

Q: Answer-Under Section 100 of the Transfer of Property Act, 1882, mortgage by deposit of title deeds creates:

Section 100 of the Transfer of Property Act, 1882 recognizes equitable mortgage where immovable property owner deposits title deeds in towns specified by Governor with intent to create security. No writing required deposit intention suffices. Valid only in notified towns, providing quick security creation for urban financing.