It Sets Standards For Mutual Partners Endorsable Mortgage Housing Subsidy

Original Language Title: ESTABLECE NORMAS PARA MUTUOS HIPOTECARIOS ENDOSABLES ASOCIADOS AL SUBSIDIO HABITACIONAL

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"Article 1.-Agreganse to article 41 of the law Nº 18.196, following paragraphs: article 5 of law No. 18.815 of" " (, by the letter k) article 98 of Decree Law No. 3,500, of 1980, and by article 1 ° of the law No. 19.439, will be applicable the registration procedure laid down in article 68 of the law Nº 14.171, modified by article 12 of law Nº 16.392, when is try to credit mortgage complementary granted to beneficiaries subsidy housing State.
When the legal provisions referred to in the foregoing paragraph allude to the public deed evidencing the contract of mutual mortgage endorsable, means that also refer to the private instrument signed before a notary, formalized by the latter.
For all legal purposes, the document referred to in the preceding paragraph shall be regarded as public deed from the date of its formal recording and will have executive merit pointing the article 434, number 2, of the code of Civil procedure. "."