Mortgagee
/ˈmɔːrɡɪdʒi/
Definitions
- (n.) A person or entity (such as a bank) to whom a mortgage loan is owed, holding a security interest in the mortgaged property.
The mortgagee has the right to foreclose if the mortgagor defaults on the loan.
Forms
- mortgagees
Related terms
See also
Commentary
The mortgagee is typically the lender holding the lien; precision is important to distinguish from the mortgagor (borrower).
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.