Section 26 Mortgage and Property Law of Lagos State

Section 26 of the Mortgage and Property Law of Lagos State 2010 is about Order for injunction. It provides as follows:

In granting an application for injunction to restrain the exercise of the rights or powers conferred by this Law on a mortgagee, a court shall require the mortgagor as a condition precedent to deposit any outstanding unpaid balance of the principal loan sum under the mortgage transactions as at the date of the
grant of the order of injunction into an interest yielding account in the name of the Registrar of the High Court.