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Section 84: Cessation of interest.

The Transfer of Property Act, 1882Central Act · Act 4 of 1882

When the mortgagor or such other person as aforesaid has tendered or deposited in Court under section 83 the amount remaining due on the mortgage, interest on the principal money shall cease from the date of the tender or [in the case of a deposit, where no previous tender of such amount has been made], as soon as the mortgagor or such other person as aforesaid has done all that has to be done by him to enable the mortgagee to take such amount out of Court, [and the notice required by section 83 has been served on the mortgagee:

Provided that, where the mortgagor has deposited such amount without having made a previous tender thereof and has subsequently withdrawn the same or any part thereof, interest on the principal money shall be payable from the date of such withdrawal].

Nothing in this section or in section 83 shall be deemed to deprive the mortgagee of his right to interest when there exists a contract that he shall be entitled to reasonable notice before payment or tender of the mortgage-money [and such notice has not been given before the making of the tender or deposit, as the case may be.]

Where this provision sits

ActThe Transfer of Property Act, 1882
Section84
Marginal noteCessation of interest.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 20 of 1929. . Ins. by Act 20 of 1929, s. 45.
  • substituted. . Subs. by s. 45, ibid., for "as the case may be".
  • added. . Added by s. 45, ibid.

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