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RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of February 13, 2006 No. 44

About approval of Rules of state registration of mortgage leaf

(In edition of Resolutions of the Cabinet of Ministers of the Azerbaijan Republic of 01.05.2006 No. 117, 16.01.2008 No. 6, 06.01.2009 No. 1, 23.08. 2016 No. 312, 06.10.2016 No. 399, 26.12.2017 No. 601, 27.03.2019 No. 124, 22.12.2023 No. 467, 22.05.2024 No. 275)

For the purpose of execution of Item 5.4 of the Presidential decree of the Azerbaijan Republic "About creation of system of mortgage loans in the Azerbaijan Republic" of September 16, 2005 299, the Cabinet of Ministers of the Azerbaijan Republic decides No.:

1. Approve "Rules of state registration of mortgage leaf" (are applied).

2. This resolution becomes effective from the date of signing.

Prime Minister of the Azerbaijan Republic

Artur Rasi-Zade

Approved by the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of February 13, 2006 No. 44

Rules of state registration of mortgage leaf

I. General provisions

1.1. These rules are prepared according to the Presidential decree of the Azerbaijan Republic "About creation of system of mortgage loans in the Azerbaijan Republic" of September 16, 2005 No. 299 and regulate the simplified state registration of mortgage leaf.

1.1-1. These rules do not extend to the mortgage leaf confirming the mortgage right to real estate.

1.2. State registration of mortgage leaf is conducted in the state register of mortgage leaf by the Central bank (further - the Central bank).

1.3. The state register of mortgage leaf - reflects data (record) about the mortgage sheets confirming the mortgage right to movable things.

1.4. Only mortgage sheets printed by the typographies which obtained the license for activities for production and sale of forms of securities of all types are registered.

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