The bill (Reg. No.5039) suggests
cancellation of the appeal possibility regarding foreclosure on the mortgaged
property on the grounds of the enforcement inscription by a notary and also
specification that the enforcement of a charge is possible only through the
appeal on mortgaged property. Relevant amendments are supposed to be introduced
to the Laws "On Mortgage", "On Pledge" and "On
Notary."
According to the People´s Deputies, in the course of the cancellation of the appeal possibility regarding foreclosure on the mortgaged property on the grounds of the enforcement inscription by a notary, the following controversory would be solved in courts exclusively that enables taking into the consideration the cases of non-execution of the treaty obligations and objective solving of the situation.
The Committee deems the amendments to the Laws "On Mortgage", "Pledge" and "On Notary" needs harmonization with each other as one part of them is blanket (amendments to the clause 4 of the Law "On Pledge") and another part doubles the norms of the effective laws (amendments to the clause 33 of the Law "On Mortgage").