Law No. 898-IV “On mortgage”.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC136914

Resource information

Resource Language

Ukrainian

ISBN / Resource ID

LEX-FAOC136914

Pages

35

License of the resource

Copyright details

© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.

This Law shall be applicable to immovable property, including land plots and objects located thereupon. It establishes that mortgage shall originate either in accordance with a contract or by court decision. In case of transfer in mortgage of a plot of land with constructions located thereupon the aforesaid plot of land shall be transferred in mortgage together with the aforesaid constructions. Prohibition and restrictions related to expropriation and alienation of land plots established by Land Code shall be applicable also to mortgage. Sale of agricultural land plots expropriated as a result of mortgage shall be performed through public auction sale. Buyers of agricultural land plots shall be categories of persons established by Land Code. This Law shall not be applicable to public and municipal land that is not subject to privatization.

Amended by: Law No. 402-VII amending Law No. 898-IV “On mortgage”. (2013-07-04)
Amended by: Law No. 2518-VI amending Law No. 898-IV “On mortgage”. (2010-12-02)

Legislation