The Act on the Land and Mortgage Registry Books and Mortgage is among the key laws governing the day-to-day practice and operations of banks and their clients in Poland. It sets forth the principal rules according to which the Land and Mortgage Registry Books are maintained by the courts and on which entries are made to the Books. At the same time, it defines a mortgage under Polish law, what kind of receivables (claims) may be secured thereby and what types of property or rights a mortgage may encumber.
May 30 2011