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Topic / Subtopic:
Financing System /
Regulatory Aspects

Year 2023
Country El Salvador
Variable (Code) Foreclosure on the property closes the debt (SF-3-06)
Methodological note Identifies if the regulatory framework establishes for the final settlement of the mortgage debt when the property/colateral is foreclosed, even if the property is not sold or if it is sold for a lesser amount than the balance of the debt. In other words, it does not allow the lender to pursue anything other than the collateral
Source SI
Note Art. 16 a, Art. 39 a
Date vigente