The letter mortgage is the standard form of the transfer mortgage (§ 1116 (1) BGB). It enables transfer outside the Civil Code in accordance with § 1154 (1) BGB. It therefore makes it particularly suitable for circulation.
The letter mortgage is the standard form of the transfer mortgage (§ 1116 (1) BGB). It enables transfer outside the Civil Code in accordance with § 1154 (1) BGB. It therefore makes it particularly suitable for circulation.