Law No. 364 “On mortgage”.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC111461

Resource information

Resource Language

ruso

ISBN / Resource ID

LEX-FAOC111461

Pages

1

License of the resource

Copyright details

© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

This Law regulates legal, economic and organizational grounds of relations originating from, acting and cessation of mortgage. The Act consists of 11 Sections divided into 56 articles: (1) general provisions; (2) mortgage contract; (3) conservation of mortgaged property; (4) transfer of rights of mortgaged property and encumbrance on property; (5) subsequent mortgage; (6) assignment of rights in accordance with mortgage contract; (7) execution upon mortgaged property; (8) sale of mortgaged property; (9) specificity of mortgage of land tenure; (10) mortgage of residential apartments; and (11) conclusive provisions. Mortgage shall be applicable to land tenure, including agricultural land. Mortgage of land tenure shall be prohibited for the following categories of land: (a) state reserve land; (b) state water fund land; (c) state forest fund land; (d) state environmental, recreational, cultural and historical heritage land; (e) common use land; and (f) defence land. Short-term mortgage of land tenure and mortgage of lease of land for the period of less than 3 years shall be prohibited.

Repeals: Law No. 979 “On mortgage”. (1994-07-20)

Legislation