Business Mortgage Proclamation (No. 98/1998). Country/Territory Ethiopia Document type Legislation Date 1998 Source FAO, FAOLEX Subject Land & soil Keyword Ownership Land based credit Legal proceedings/administrative proceedings Transfer Geographical area Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries Abstract This Proclamation provides for the registration of mortgages established on businesses and the sale of a business mortgage by auction. Each Region or City shall keep a register of business mortgages. Only businesses that have been registered and given business license by the appropriate Federal or Regional authority may be mortgaged. Full text English Website www.ethiopar.net