The mortgagee-creditor whose debt has not been paid may bring an action for the transfer of the mortgaged property in his name unless he proceeds to sell the said property in accordance with the rules governing the attachment of real property which a mortgage contract shall not circumvent.
He shall however not avail himself of this option where the mortgaged property is the principal residence of the settlor.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 45
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 198 of the Acte uniforme révisé portant organisation des sûretés/akn/ohada/act/loi/2010-12-15/aus-2010
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