Article 26. The content of the notification of the commencement of the sale of real estate in an out-of-court manner of the Law on Mortgage of Real Estate
The footnote. Title of Article 26 as amended by the Law of the Republic of Kazakhstan dated January 21, 2019 No. 217-VI (effective ten calendar days after the date of its first official publication).
The notification of the commencement of the sale of real estate out of court must contain the following information:
1) the name(s) and place of residence (location) of the pledgor;
2) the name(s) and place of residence (location) of the pledgee;
3) Summary of outstanding obligations;
4) summary of the main obligation;
5) a summary of all other fees, costs and expenses that must be paid by the pledgor before the possible sale of mortgaged real estate;
6) an offer for the full repayment of all debts within thirty days from the date of receipt of the notification;
7) a warning about possible auctions for real estate that is the subject of a mortgage;
7-1) excluded by the Law of the Republic of Kazakhstan dated 07/02/2018 No. 168-VI (effective after ten calendar days from the date of its first official publication);
7-2) a condition on the right of the mortgagor, who is an individual, within a period not exceeding thirty calendar days from the date of delivery or receipt by registered mail of the notification, to petition the mortgagee for the independent sale of immovable property that is the subject of a mortgage on a mortgage bank loan secured by an individual's home, not related to the conduct of entrepreneurial activity;
8) name(s), place of residence(location) and telephone number of the authorized representative.
The Law of the Republic of Kazakhstan dated December 23, 1995.
President
Republic of Kazakhstan
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