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Holder of a documentary mortgage note


The holder of a documentary mortgage is deemed lawful if their rights to the documentary mortgage are based on the last endorsement on such mortgage made by the previous holder, unless otherwise provided in this paragraph. He is not considered a lawful holder of a documentary mortgage if it is proven that the documentary mortgage has been removed from the possession of any person who made the transfer endorsements due to theft or another criminal act against their will, and the new holder of the documentary mortgage, upon acquiring it, knew or should have known about this1.

  1. Federal Law No. 102-FZ dated July 16, 1998 "On Mortgage (Real Estate Pledge)", as amended on June 6, 2019, Article 48, paragraph 3 // Official Gazette of the Russian Federation. 1998. No. 29. Item 3400. ↩

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