The Transfer of Property Act, 1882
No mortgagee paying off a prior mortgage, whether with or without notice of an intermediate mortgage, shall thereby acquire any priority in respect of his original security; and, except in the case provided for by section 79, no mortgagee making a subsequent advance to the mortgagor, whether with or without notice of an intermediate mortgage, shall thereby acquire any priority in respect of his security for such subsequent advance.
Source & version
Official text: India Code (official) ↗
Official India Code text: The Transfer of Property Act, 1882 (4 of 1882), English PDF (bitstream 123456789/2338/1/A1882-04.pdf, 565,764 bytes, sha256 5223fdf06a0aa3ed...) fetched directly from indiacode.nic.in (Akamai edge, DNS via dns.google) on 2026-08-01. Extracted via pdftotext 26.07 -bbox and the @nexlex/ingest inline parser. Automated parse; footnotes and amendment history excluded. Spot-verified against the PDF; full clause-level proofread pending.
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