Equitable mortgage on agriculture land

Sangeeta (Querist) 26 September 2018 This query is : Resolved
Is it possible to create an equitable mortgage on agriculture land. In which act it is clearly mentioned

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Isaac Gabriel (Expert) 28 September 2018
If you go through the various kinds of mortgages you can find the answer.

M V Gupta (Expert) 29 September 2018
Any immovable property, whether agricultural or non agricultural, can be mortgaged by deposit of title deeds which is otherwise called as equitable mortgage. This is provided in Section 58 of Transfer of Property ACT.