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What does mortgage loan mean?

Legal analysis: Other rights refer to other rights certificates, and other rights certificates refer to the rights certificates issued by the housing management department and held by the mortgagee after the registration of other rights. The so-called other rights certificate is a term related to land property rights. Other rights in the house refer to rights such as mortgage rights, lease rights, mortgage rights, and continuation rights derived from the ownership of the house.

Legal basis: "People's Republic of China and Civil Code"

Article 394: To guarantee the performance of a debt, the debtor or a third party shall not transfer possession of the property , if the property is mortgaged to a creditor and the debtor fails to pay due debts or a situation occurs that realizes the mortgage rights as agreed by the parties, the creditor has the right to receive priority payment for the property. The debtor or third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property providing guarantee is the mortgaged property.

Article 402 If the property specified in the first to third items of paragraph 1 of Article 395 of this Law or the building under construction specified in item 5 of Article 395 of this Law is mortgaged, Mortgage registration must be carried out. The mortgage right is established upon registration.