What is an electronic mortgage? Back to list

Member SinceJul 08, 2021

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Sterling

Nov 24, 2021 a 06:19
If a bank issues a mortgage loan, a lending institution can issue a security - a mortgage - which certifies the bank's right to the collateral during the loan repayment period by the borrower. This security can be issued on paper or electronically.

It is a security issued in electronic form (uncertified), which grants a banking institution the right to receive fulfillment for those monetary obligations that are secured by a mortgage, as well as the right to pledge over property encumbered with a mortgage. An electronic mortgage is registered simultaneously with the mortgage agreement.

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