Rules of Possessing the Mortgaged Property
Issue No.1971- It is not permissible to bring about changes which are in conflict with the mortgage agreement. Hence, neither the creditor nor the debtor can transfer a property [by selling it or give it as a gift or the like] which is mortgaged to another person without the consent of the other party. However, if one of them presents or sells the property to another person, and the other party permits this later, there is no harm in it. And the recommended precaution is that neither of them should utilise the property even in other than foresaid cases without the permission of each other, though it might not be in conflict with the mortgage.