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Topic / Subtopic:
Financing System /
Regulatory Aspects

Year 2023
Country México
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 Código Civil Federal, artículos 2910 y 2924, Diario Oficial de la Federación
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