Ham Enterprises Petitions the Constitutional Court Challenging Regulation 13 (2012) of the Mortgage Act The High court yesterday nullified and dropped the 30% deposit requirement in Tycoon Ham’s case with Diamond trust bank as it contradicts constitutional article 28 of fair hearing as well as defeating the independence of the Judiciary. History of 30% requirement. The Mortgage Act was enacted in 2010 however it was not until 2012 that Regulation 13 under the Mortgage Regulation 2012 that requires payment of a 30% deposit was smuggled into the laws of Uganda as a photocopy to the income tax law which required … Continue reading 30% DEPOSIT REQUIREMENT DROPPED IN HAM’S 100Bn Fraud Case Against Diamond Trust Bank