Real rights to real property In Albania, a loan agreement is usually associated with a securing charge agreement on collateral. In most cases, the securing charge is a mortgage on real property owned by the debtor. In practice, the parties usually agree in the loan agreement to register a mortgage deed with the real estate register as a condition precedent to the loan agreement taking effect. So the loan agreement usually becomes effective and the loan will be disbursed in favour of the purchaser at the moment the mortgage agreement is registered with the real estate register.
September 30 2005