Mortgager


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Mortgager

The borrower of a loan secured by property.
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The Civil Code also defines a "possessory mortgage" as "a contract by which the mortgager gives property to be held in possession of a mortgagee or an ('adl') against a debt.
And the mortgager must stay in residence while the lodger's there.
Obtain license, title, and sales information by identifying owner, seller, lien holder, mortgager, etc.
The notice states that "in view of standard commercial lending practices for purposes of this reporting requirement an amount charged to the mortgager as points with respect to the acquisition of a principal residence will be treated as paid directly by the mortgager.
In the fiscal area, the measures taken also include the enhancement of Tax credits on borrowing under housing loans from financial institutions from Rs100,000 or 25pc of the income of the mortgager, to Rs500,000 or 40pc of the income of the mortgager, whichever is less.
The offer was good enough, Carter said, that PNC, the first mortgager, had accepted it.
A key law is the Interim Registration Law for off-plan properties, which requires both buyers and developers to register their interests as mortgagee and mortgager.
Partnership owns the property at that address, which is currently under sale being challenged by mortgager.
The bank, through its lending policies, insured control over capricious whims by the mortgager.