Q. What does the Right to Redemption under Section 60 of the Transfer of Property Act, 1882, allow the mortgagor to do?
Answer: Reclaim the mortgaged property after full repayment.
Notes: The Right to Redemption under Section 60 permits the mortgagor to reclaim the mortgaged property upon full repayment of the loan and interest, thus restoring their ownership rights effectively.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 15 in Mortgage Services in the above course in App.