NATIONAL MORTGAGE, FINANCING AND GUARANTEE SCHEME ACT - 1976 (SMCD 23)

    Section - 20 - Financial Institution to Inform the Bank in case of Default.

    Where the mortgagor is in default under subsection (5) of section 19 of this Decree in respect of which default an indemnity is afforded by the Bank, the financial institution shall forward a claim in writing for the amount in default to the Bank.