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Which of the following require compulsory registration under section 17(l)(b)?
an agreement by which the mortgagor agrees to pay or the mortgagee agrees to accept interest at a rate, different than the one fixed by the registered mortgage deed
an agreement by which the period of redemption fixed by the mortgage deed is reduced or enhanced
an agreement to accept on redemption smaller amount than what is due under a registered mortgage deed
all the above
Let's look at each option:
- Option 1: Any agreement that varies the rate of interest from what is fixed in a registered mortgage deed alters the rights under the mortgage and needs compulsory registration under section 17(1)(b).
- Option 2: An agreement that either extends or reduces the redemption period fixed in the original registered deed changes the terms of the mortgage, requiring registration.
- Option 3: If parties agree to accept a smaller sum on redemption than what is due as per the registered deed, this alters the original rights and must also be registered.
- Option 4 (All of the above): Since all the situations involve varying key terms of a registered mortgage deed, they each require compulsory registration under section 17(1)(b).
Correct Answer: Option 4 - all the above
By: santosh ProfileResourcesReport error
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