The document introduces amendments to the laws on "Mortgage," "Securities Market," and "Insolvency," aimed at enhancing the procedures for the execution, registration, and transfer of rights related to pledge agreements and mortgage deeds.
The law provides for the implementation of online registration of mortgage deeds, the option to process through public service centers, and the introduction of electronic mortgages, which will help reduce costs and save time.
Additionally, the law establishes a mechanism for organizations refinancing mortgages to attract further funds from the capital market through the issuance of bonds, the value of which exceeds their own equity.
Senators emphasized that these changes will support the development of the mortgage deed market, expand refinancing options for mortgage loans, and contribute to the establishment of a modern market system for mortgage lending.