Unilateral mortgage cancellation: the requirement must be addressed to the current registered holder, not the original one
13 Jun 202660 views
Who is affected:
Owners with registered unilateral mortgages and assignee entities of mortgage credits
Summary
The DGRN confirms that to cancel a unilateral mortgage, the registered holder at the time of cancellation must be required, even if it has changed since the constitution.
Detailed analysis
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The Directorate General of Legal Security and Public Faith resolves an appeal against the refusal to cancel a unilateral mortgage in Mataró. The registrar denied the cancellation because one of the original creditor entities (Banco Sabadell) had transferred its participation to Axactor España S.L., which was already re…
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