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Mortgage Refinance Institutions Bill, 2025

Bill details, progress, and reading documents

Video

Bill Progress

1st

1st Reading

Bill introduced

2nd

2nd Reading

Committee review

3rd

3rd Reading

Final vote

Assent

Becomes law

Bill Information

StatusAssented to by the President
TypeGovernment
Introduced2025-03-14
Moved byMatia Kassaija (MP), Minister of Finance, Planning and Economic Development
Assigned toCommittee on Finance, Planning and Economic Development

Bill Readings

Documents and reports from each reading stage.

1st Reading

1st Reading

The object of this Bill is to regulate the establishment of mortgage refinancing institutions; to provide for the functions of the central bank in relation to mortgage refinance business; to provide for the conduct of mortgage refinance business; to provide for corrective actions and liquidation; and for related matters

2nd Reading

2nd Reading

The Committee on Finance reviewed the Mortgage Refinance Institutions Bill, 2025, which establishes and regulates mortgage refinance institutions to provide long-term liquidity to primary lenders, lower mortgage interest rates, and address Uganda’s housing deficit. It recommends amendments on licensing, Islamic finance, capital requirements, shareholding limits, default procedures, and consumer protection before passage.