Encyclopedia
Independent Realization of the Collateral by the Pledgor
Sale of collateral by the pledgor - is carried out by the physical person (hereinafter in this article referred to as the pledgor) through its sale to another person in accordance with the procedure established by this article, for subsequent full repayment from the proceeds of obligations under a credit agreement or loan agreement concluded by a physical person for purposes not related to the conduct of entrepreneurial activity, and secured by mortgage (hereinafter - sale of collateral by the pledgor)1.
Federal Law No. 102-FZ dated July 16, 1998 "On Mortgage (Real Estate Pledge)", as amended on September 11, 2024, Article 37.1, paragraph 1 // Official Gazette of the Russian Federation. 1998. No. 29. Item 3400. ↩