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Bombay Non Agriculturists Loans Act, 1928 Complete Act

State: Maharashtra

Year: 1928

.....day of August 1927, to such persons as are referred to in section 3 for the purpose mentioned therein shall be deemed to be loans granted under this Act: SECTION 05: RECOVERY OF LOANS 7[* All loans granted or deemed to have been granted under this Act, together with all interest (if any) chargeable thereon, and costs (if any) incurred in making or recovering the same shall be recoverable at the direction of the Collector in any one or more of the following modes, namely:- (a) from the borrower- as if there were arrears of land revenue due by him; (b) from his surety (if any)- as if there were arrears of land revenue due by him; (c) out of the assets left by a deceased borrower or surety or out of the property comprised in a collateral security (if any)- according to the procedure for the realization of land revenue by the sale of a defaulter's moveable or immovable property other than the land on which that revenue is due; (d) if the loan is for the benefit of a house.; out of such house, - as if it were arrears of land revenue due in respect of the land on which the house stands. Explanation .- In this section "Collector" includes a Deputy Commissioner. SECTION 06: POWER TO.....