FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/R9mh7fC3v6u4exodERd3fmK
Label Mortgagee
Preferred Label N/A
Identifier N/A
Alternative Labels

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Definition

A Mortgagee is the lender in a mortgage transaction, typically a bank or financial institution, that provides funds for the borrower (mortgagor) to purchase property. The mortgagee holds a lien on the property as security for the loan repayment and can foreclose on the property if the borrower fails to meet the terms of the mortgage.

Class Relationships

Sub Class Of

Is Defined By

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See Also

Parent Class Of 0

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Additional Information

Metadata

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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