Mortgage – FIN & LAW

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Legal UpdateClient Update -LAND LAW -No Mortgage over Bare Land in Tanzania

12 April 2019by finandlaw-admin

INTRODUCTION The Minister for Lands, Housing and Human Settlement Development has on 25th March, 2019 issued new regulations titled, the Land (Procedure for Mortgage of Land) Regulations 2019 (Government Notice No. 345 of 2019). These regulations put into effect the restriction to mortgage bare and underdeveloped lands as security for loan in Tanzania. The...

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Legal UpdateClient Updates: LAND AND BANKING LAW -Lender and Borrower Beware

10 April 2018by finandlaw-admin

BORROWERS AND LENDERS BE WARE The Written Laws Miscellaneous Amendment Act, No. 1 of 2018 (“the Amendment Act”) that was signed by the President into law on 08th February, 2018 has made several amendments to the laws of Tanzania. The Amended laws are; The Bankruptcy Act, Cap. 26, the Budget Act, Cap 439, the Land...

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