What is an Assumable Mortgage?
Buildings and other land attachments;
Mortgageable property
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- Chinese name
- Mortgageable property
- Foreign name
- Mortgaged property
- Types of
- Production equipment, raw materials, semi-finished products
- According to
- Guarantee Law
- Features
- The mortgagor may mortgage the property listed in the preceding paragraph
- Buildings and other land attachments;
- Construction land use right;
- The right to contract for the management of wasteland and other land acquired through bidding, auction, and public consultation;
- Production equipment, raw materials, semi-finished products, products;
- Buildings, ships, and aircraft under construction;
- Means of transportation
- The property required by the Security Law to be mortgaged may be:
- (1) Houses and other ground fixtures owned by the mortgagor.
- (2) Machines, transportation vehicles and other property owned by the mortgagor.
- (3) The state-owned land use right that the mortgagor has the right to dispose of according to law.
- (4) State-owned machinery, transportation vehicles and other property that the mortgagor has the right to dispose of according to law.
- (5) The land use right of barren mountains, barren ditch, barren hills, barren beaches and other barren land contracted by the mortgagor according to law and approved by the contractor.
- (6) Other property that can be mortgaged according to law.
- The following property that the debtor or a third party has the right to dispose of may be mortgaged: [1]
- Other properties that are not prohibited by laws and administrative regulations.
- The mortgagor may mortgage the properties listed in the preceding paragraph together.