Multiple choice

Limitation period for filing a suit for sale of mortgaged properties is __________ years from the date the mortgage debt becomes due.

  1. 3

  2. 5

  3. 10

  4. 12

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The limitation period for filing a suit for sale of mortgaged property is twelve years from the date the mortgage debt becomes due. The limitation period for foreclosure is thirty years from the date of money secured by mortgage becomes due.