Clog On Equity Of Redemption in Europe
Definition of Clog On Equity Of Redemption
The doctrine of equity that no mortgage deed may contain any stipulation or provision fettering or imped-‘ ing the mortgagor’s right to redeem, e.g., which unduly delays the time for redemption, or which is unfair or unconscionable or which is inconsistent with or repugnant to the right to redeem. Collateral stipulations were formerly void as an evasion of the usury laws, but they are now valid provided they do not clog the equity. See Kreglinger v. New Patagonia, etc., Co. ; Bradley v. Carritt ; Noakcs v. Rice
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Definition of Clog On Equity Of Redemption is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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