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Replacement of the issuer
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Replacement of the issuer - a decision to issue mortgage-backed bonds (hereinafter referred to as replacement of the issuer), or the sale of property forming the mortgage collateral, with the distribution of the proceeds received among holders of mortgage-backed bonds1.
Replacement of the issuer - the sale of mortgage collateral for bonds with an obligation of the buyer to fulfill all conditions provided for in the decision on the issuance of mortgage-backed bonds (ceased to be in force as of 2019-07-31)2.
Federal Law No. 152-FZ dated November 11, 2003 "On Mortgage Securities", as amended on July 31, 2019, Article 16.1, paragraph 2 // Official Gazette of the Russian Federation. 2003. No. 46. Page 4448. ↩
Federal Law No. 152-FZ dated November 11, 2003 "On Mortgage Securities", as amended on December 29, 2004, Article 16-1, paragraph 2, ceased to be in force as of July 31, 2019 // Official Gazette of the Russian Federation. 2003. No. 46. Page 4448. ↩
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