# Mortgagee

**IRI:** https://folio.openlegalstandard.org/R9mh7fC3v6u4exodERd3fmK

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R9OzLGaxH8FUa0QvIz14ZLA

## See Also

- https://folio.openlegalstandard.org/R8a69mb9gzRyUSQsZdwSiA8
- https://folio.openlegalstandard.org/RhceZsFaOSAIBa7BX1vpbF
- https://folio.openlegalstandard.org/s7-eJGGYSoaQIrtyJagrOg

**Deprecated:** False