Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPriority of charge created by loan granted by Bank
| 51. Where a loan is granted by the Bank on the mortgage of any immovable property, that property shall from and after the date of the registration of such mortgage be charged with the payment of the loan with interest in priority to every other debt, mortgage or charge affecting it, except a debt which; is secured by a mortgage duly registered prior to such date and which is due to a creditor who in good faith advanced the money before the loan was granted by the Bank. |