of October 23, 2013 No. ZRU-356
About the mortgage register
Accepted by Legislative house on July 19, 2013
Approved by the Senate on August 22, 2013
The purpose of this Law is regulation of the relations in the field of maintaining the mortgage register.
The legislation on the mortgage register consists of this Law and other acts of the legislation.
If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about the mortgage register then are applied rules of the international treaty.
In this Law the following basic concepts are applied:
the mortgage register - the single information database containing record about the rights of creditors to the property, the right of lease of the parcel of land in the cases provided by the law and the lease agreement of debtors provided as ensuring obligation fulfillment and also about the restriction of the rights of the debtor on the order with property and use imposed according to the law it and other requirements connected with ensuring proper execution by the debtor of the obligations (further - records);
the creditor - the legal entity or physical person having the right to demand from the debtor of execution of its obligations, and in cases of non-execution of obligations - on preferential satisfaction of the requirements at the expense of property or the right of lease of the parcel of land of the debtor granted as ensuring obligation fulfillment and also the financial agent who acquired monetary claim under the agreement of financing under concession of monetary claim;
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