View All - 1990 Acts
Section No :  
Acts & Ordinances
Marginal Notes
1. This Act may be cited as the Recovery of Loans by Banks (Special Provisions) Act, No. 4 of 1990.
2. Registered address of borrower &c.
3. Action by Board where default is made.
4. Authorization of sale of mortgaged property.
5. Authorization of Manager to take possession of mortgaged property.
6. Procedure where manger is appointed.
7. Where borrower is dead.
8. Notice of resolution.
9. Notice of sale.
10. Payment before sale.
11. Upset Price.
12. Default in respect of one of several loans on same property.
13. Recovery of expenses and costs incurred by the bank.
14. Payment of excess.
15. Certificate of sale.
16. Order for delivery of possession.
17. Cancellation of sale.
18. Resale by the lender.
19. Limit of retention of property by the bank.
20. Offence.
21. Regulations.
22. Interpretation.
23. Sinhala text to prevail in case of inconsistency.