Article 13. The contents of the mortgage Certificate of the Real Estate Mortgage Act

Home / RLA / Article 13. The contents of the mortgage Certificate of the Real Estate Mortgage Act

1. The mortgage certificate must contain:

1) the words "Mortgage certificate" included in the title of the document;

2) the name(s) and place of residence (location) of the pledgor;

3) the name(s) and place of residence (location) of the pledgee;

4) the name(s) and place of residence (location) of the debtor, if the debtor is not a pledgor under the main obligation.;

5) date and place of conclusion of the mortgage agreement;

6) indication of the amount of the main obligation and the amount of remuneration, if they are payable;

7) an indication of the deadline for payment of the amount of the main obligation and remuneration, if they are payable, and if this amount and/or remuneration are payable in installments, the timing or frequency of the corresponding payments and the amount of each of them, or the conditions allowing them to be determined;

8) inventory and location of mortgaged real estate;

9) the name of the right by virtue of which the property that is the subject of the mortgage belongs to the mortgagor;

10) an indication of whether there are other mortgage certificates for the immovable property that is the subject of a mortgage, or for a part of this property, with the exception of mortgage certificates under housing mortgage loan agreements, whether this immovable property or part of it is leased, or whether it is otherwise encumbered or not;

11) signature of the pledgor;

12) the date of issue of the mortgage certificate;

13) attachment to the mortgage certificate.

2. Failure to comply with the requirements set out in paragraph 1 of this article, as well as the presence of erasures and corrections, invalidates the mortgage certificate. <*>

The Law of the Republic of Kazakhstan dated December 23, 1995.

President

Republic of Kazakhstan

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