By Goth Mohamed Goth
Hargeisa – The House of Representatives has commenced deliberations on the proposed Mortgage Law Bill (No. XXX/2024), which governs immovable property transactions.
During today’s parliamentary session—chaired by the Speaker of the House, Hon. Yasin Haji Mahmoud Hir (Faratoon)—members were briefed on the agenda, which included debating the Mortgage Law for Immovable Property (Legislative Bill No. XXX/2024).
The bill, comprising 19 articles, will be examined clause by clause in the ongoing discussions.
Introduced by the House of Representatives, the legislation aims to establish a regulatory framework for mortgages involving immovable assets, such as and, residential properties, and related holdings. Its primary objective is to ensure legal safeguards for both citizens and institutions engaged in the mortgage system.
Today marked the first day of deliberations with four members participating in the debate. Discussions are expected to continue in the following days, God willing.
