Housing finance Bank Ltd v Mayanja T A Mat Hotel and Leisure Centre (Originating Summons No. 6 of 2021)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
A mortgagee may exercise remedies of foreclosure, eviction, and sale where a mortgagor defaults on loan repayment obligations. Under the Mortgage Act 2009, a mortgage operates as security only and does not transfer any interest in land to the mortgagee, but upon default the mortgagee acquires powers including entering possession and selling the mortgaged land. Failure to file a defence raises a presumption of constructive admission of the claim. Where a mortgagor fails to pay outstanding monies after service of requisite notices, the court will order foreclosure of the right to redeem, grant eviction, permit free access for valuation, and authorize sale of the mortgaged property.
Outcome
Judgment entered for the Plaintiff. Defendant foreclosed of right to redeem. Eviction ordered. Sale of mortgaged properties authorized.
Facts
The Defendant applied for and was granted a loan facility of UGX 236,000,000 by the Plaintiff on 9 September 2013, payable over 10 years at 20.5% per annum variable interest. The loan was secured by a mortgage deed executed on 23 September 2013 over land comprised in Block 261 Plots 939 and 942 at Lukuli-Kyaddondo, registered in the Defendant's name. The Defendant also executed a deed of assignment agreeing to bank all business proceeds in a designated account. The Plaintiff advanced the loan as agreed. The Defendant defaulted in repayment and failed to clear the indebtedness despite service of all required notices. As of 16 September 2021, the total outstanding amount including interest and charges stood at UGX 258,953,301. The Defendant was served with court process through publication in the Monitor newspaper on 1 April 2022 but failed to file a reply. The court directed the Plaintiff to proceed ex parte.
Issues
- Whether the Defendant/Mortgagor having failed to pay the Plaintiff's/Mortgagee's outstanding monies in the sums of UGX 258,953,301 should be foreclosed of his right to redeem the mortgaged properties?
- Whether the Plaintiff/Mortgagee should evict the Defendant from the mortgaged properties?
- Whether the Defendant should give free access to the Plaintiff/Mortgagee to enter, inspect and revalue the mortgaged properties?
- Whether the Plaintiff/Mortgagee should be permitted to sell the mortgaged properties upon foreclosure in accordance with the law?
- Whether the Plaintiff/Mortgagee should be granted costs of this suit?
Orders
- The Defendant shall give free access to the Plaintiff to enter, inspect, and revalue the mortgaged property.
- Eviction order granted against the Defendant from the mortgaged property.
- The Plaintiff is permitted to sell the mortgaged property.
- Costs of this suit are granted to the Plaintiff.
Rules and key headnotes
Legislation cited (15)
- Civil Procedure Rules SI No. 71-1 Order 37 Rule 4
- Civil Procedure Rules SI No. 71-1 Order 37 Rule 8
- Mortgage Act 2009 s.8(1)
- Mortgage Act 2009 s.19
- Mortgage Act 2009 s.19(4)
- Mortgage Act 2009 s.20
- Mortgage Act 2009 s.20(d)
- Mortgage Act 2009 s.20(e)
- Mortgage Act 2009 s.26
- Mortgage Act 2009 s.27
- Mortgage Act 2009 s.28
- Mortgage Regulations SI No. 2 of 2012 Regulation 8
- Mortgage Regulations SI No. 2 of 2012 Regulation 9
- Civil Procedure Act Cap 71 s.27(1)
- Civil Procedure Act Cap 71 s.27(2)
Cases cited (3)
- Housing Finance Bank Limited v Seninde Margret & Anor (Originating Summons No. 7 of 2021)
- United Building Services Limited v Yofesi Muita t/a Quickset Builders and Co. (HCCS No. 154 of 2005)
- Uganda Development Bank v Mugongo Construction Co. Ltd (1981) HCB 35
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.