Mortgage in Loosea and on Mortgage Loans

Did you know this about a pledge of pledge? If you buy a car and at the same time enter into an agreement on a loan with a mortgage, you will in this connection sign the debt note and at the same time sign a statement giving the creditor mortgage rights in the car (mortgage).

The mortgage is registered in the motor vehicle register

money cash

The compulsory collection of loans with mortgage rights in movable property is regulated by Sections 8-1 and 8-2 of the Enforcement Act. Regarding the benefits, see the Mortgage Act § 3-21, first and second paragraph. Mortgage bond, mortgage loan and loan with collateral in the access document.

Mortgage loans are linked directly to a mortgage bond. The mortgage bond is a debt document and a document that guarantees the lender a mortgage on real estate or other assets. As with a mortgage loan, a mortgage bond is also usually issued in connection with a mortgage loan, where the borrower must, by signing, acknowledge having borrowed a certain amount to be repaid within a certain time.

For effective mortgage bonds, the loan terms are listed on the bond itself. This means that the bond also acts as a promissory note. Effective mortgage bonds rarely occur in a private context.

Mortgage bond, real estate mortgage

Mortgage bond, real estate mortgage

The issuer (the lessee) states in the bond text that he owes a certain amount of money and that he pledges the specified values ​​as collateral for the loan, such as a home, or an ideal half of the house if one is cohabiting or married and has joint ownership. . In practice, this means that each of the parties owns 50% of a joint ownership. This way of sharing ownership provides, inter alia, the assurance that one party cannot pledge or act without the other’s knowledge or acceptance in such a way that the other becomes injured.

The homeowner is the one listed on the joint and who is registered as the rightful owner of, for example, a dwelling or a plot in the basic ledger. The mortgage bond is on a par with a regular debt note equipped with access to direct recovery (without going through the settlement council). This is regulated in compulsory sections 10-1 and 10-2.

In addition to the promissory note and the mortgage bond, the borrower must also sign a pledge. The relationship between the debt note and the mortgage bond is shown in the pledge statement, which also gives the lender access.