Any deed relating to a mortgage and concerning transfer, change of rank, subrogation
renunciation, termination shall be established by a notary or by a private deed in accordance
with the national law of the place where the property is situated following a model which
conforms to the rules applicable in the State Party concerned and published as a proof the
mortgage was consented to or constituted.
The termination of a mortgage shall result from the following:
- The extinction of the principal debt;
- Renunciation of the mortgage by the mortgagee-creditor;
- The lapse of the registration certified, under his responsibility, by the Conservator of
the land publicity register;
- The redemption of a mortgage resulting from a report of award on a forced
expropriation and on the payment or the deposit of the final compensation for an
expropriation based on public interest.
Official translation
Spot-checked
In force from 15 December 2010
Source page 46