Secured Lending Comparative Guide

1 Legal framework

1.1 Beyond general commercial and contract laws, what other specific laws and regulations govern secured finance in your jurisdiction?

'Secured finance' refers to a type of financial arrangement involving some type of collateral as a condition for borrowing. In addition to the general commercial and contract laws, secured finance in Zimbabwe is governed by the following statutes:

• the Movable Property Security Interests Act [Chapter 14:35];
• the Public Finance Management Act [Chapter 22:19];
• the Public Debt Management Act [Chapter 22:21];
• the Deeds Registries Act [Chapter 20:05];
• the Banking Act [Chapter 24:20];
• the Insolvency Act [Chapter 6:07];