Sri Lanka Consolidated Acts

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National Housing Development Authority Act (No. 17 of 1979) - Sect 53

Default in respect of one of two loans on the same land

53. In any case where two loans have been granted by the Authority on the security of the same land and default is made in the payment of any sum due upon any one of such loans, the foregoing provisions of this Part shall apply notwithstanding that default may not have been made in respect of the other loan ; and the Authority may, in any such case, by order under section 46 authorize the sale of the land for the recovery of the total amount due to the Authority in respect of both such loans ; and the provisions of this Part shall apply accordingly.


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