Glossary entry

Spanish term or phrase:

este titulo

English translation:

this mortgage deed

Added to glossary by EirTranslations
Jun 2, 2014 14:23
9 yrs ago
8 viewers *
Spanish term

este titulo

Spanish to English Other Law (general) prestamo con garantia hip
Pls see below thanks

NOVENA.- OTRAS CONDICIONES.
Si la calificación registral estimase que cualquiera de los pactos, cláusulas, párrafos, menciones o apartados de esta escritura no es inscribible, las partes aceptan tal calificación y consienten que, denegando la inscripción de las mismas, se inscriba este título y quede constituida la hipoteca.
Proposed translations (English)
4 +2 this mortgage deed
4 this (mortgage) title

Proposed translations

+2
15 mins
Selected

this mortgage deed

My take!

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Note added at 5 hrs (2014-06-02 19:26:20 GMT)
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Actually, it IS the mortgage deed that is transferred and, indeed, registered.

http://www.mondaq.com/india/x/16866/Financial Services/Regis...
Peer comment(s):

agree Chris Neill
26 mins
Many thanks Chris! ;-)
agree Adrian MM. (X) : http://www.proz.com/?sp=gloss/term&id=466957
8 hrs
Many thanks! ;-)
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4 KudoZ points awarded for this answer. Comment: "thx"
4 hrs

this (mortgage) title

It is not the mortgage deed which is registered, precisely because some of its provisions are incapable of registration. It is the mortgage TITLE which is registered, ie the title to the mortgage which is a different thing.

eg

The legal confusion stems from the existence of competing systems for establishing title to mortgages and transferring those rights. Historically, mortgage title was established and transferred through the “public demonstration” regimes of UCC Article 3 and land recordation systems. This arrangement worked satisfactorily when mortgages were rarely transferred. Mortgage finance, however, shifted to securitization, which involves repeated bulk transfers of mortgages.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2162508
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