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Chapter 15 of Title 24 of the Chuuk State Code - Mortgages.

País/Territorio
Micronesia, Estados Fed.
Subdivisión territorial
Chuuk
Tipo de documento
Legislación
Fecha
1981 (2001)
Fuente
FAO, FAOLEX
Materia
Tierra y suelos
Palabra clave
Transferencia Procedimientos judiciales/procedimientos administrativos
Área geográphica
Asia y Pacifico, Micronesia, Oceania, Pequeños estados insulares en desarrollo, Pacífico Sur
Resumen

This Chapter prescribes rules regarding the establishment, recording and protection of mortgages. Its purpose is to establish a system of mortgage law in the State of Chuuk which will induce lenders to make secured commercial and residential loans and secure transparency and other rights of mortgagor. Under the provisions of this Chapter, mortgage creates a lien on the land, but does not pass title to the mortgagee.

Texto completo
Inglés
Página web
fsmlaw.org