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• 14:30, 3 April 2024 MKent talk contribs created page Mortgage (Penalty) (Created page with "Category:Contract Law {{Citation: | categories = | shortlink = }} ==<i>Mortgages Act,</i> RSO 1990, c M.40<ref name="Mortgages"/>== <b>Payment of principal upon default</b> 17 (1)  Despite any agreement to the contrary, where default has been made in the payment of any principal money secured by a mortgage of freehold or leasehold property, the mortgagor or person entitled to make such payment may at any time, upon payment of three months interest on the pri...")