The mortgage dictionary is a section of the website that allows you to know in detail the definition of all the terms related to the contracting of a mortgage or mortgage product, one of the financial operations that must be thought about and analyzed the most because it involves a significant debt that will be paid over several years. The Notary Bosch-Bages of Barcelona wants with this page to facilitate the knowledge of the most important concepts related to this type of Notarial services related to mortgages.


TweetContingent commitment or guarantee

As provided by the Real Estate Credit Law, it is a “loan contract that serves as a guarantee or guarantee to carry out other independent legal operations but ancillary to the other, in which the capital guaranteed by the real estate can only be used in the event of a or various contingencies specified in the contract ”.
Consult BOE Law 5/2019, of March 15, regulating real estate credit contracts
Tags: Law, mortgage.

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