Mortgage Law
/ˈmɔːrɡɪdʒ lɔː/
Definitions
- (n.) The body of law governing the creation, enforcement, and foreclosure of mortgages, including rights and obligations of borrowers and lenders.
Mortgage law requires that lenders follow specific procedures before foreclosing on a property.
Forms
- mortgage law
Related terms
See also
Commentary
Mortgage law often overlaps with real property law and secured transactions law; precise statutory compliance is critical to ensure enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.