Document background
The Mortgage Agreement Form is a crucial document in Belgian property financing transactions, used whenever real estate is offered as security for a loan. This document is essential for both residential and commercial property transactions in Belgium, combining elements of property law, financial regulations, and consumer protection requirements. The agreement must comply with the Belgian Civil Code, the Mortgage Law of 1851, and various financial services regulations, including EU directives implemented into Belgian law. It contains detailed provisions about the property, loan terms, borrower obligations, and enforcement rights, and requires formal execution before a notary public and registration in the mortgage registry. The document is particularly important in the context of Belgium's highly regulated mortgage market, where strict consumer protection measures and formal requirements must be observed.
