Multiple choice

A mortgage by deposit of title deed is called

  1. anomalous mortgage

  2. English mortgage

  3. equitable mortgage

  4. usufructuary mortgage

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

A mortgage by deposit of title deed is called equitable mortagage. An equitable mortgage is that in which the lender is secured by taking possession of all the original title documents of the property that serve as security for the mortgage.