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