🔤 Mortgagee ✨

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🔊 Play Roman

rehn lene wala, girvi rakhne wala idaara ya fard, raahin

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📚noun

mortgagee

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DEFINITION

lender holding mortgage on property, creditor providing funds secured by real estate

EXAMPLE SENTENCES

The primary mortgagee retained ultimate legal rights over the family house until the final loan installment was completely settled. If the homeowner defaults repeatedly on monthly mortgage payments the mortgagee can legally initiate formal property foreclosure proceedings. The property insurance document explicitly listed the national bank as the primary official mortgagee for the commercial building. As the designated mortgagee the regional credit union required mandatory annual structural inspections to protect its financial investment. The borrower delivered updated property tax documents directly to the authorized representative of the primary mortgagee yesterday morning.

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creditor lienholder mortgage lender pledgee

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borrower debtor mortgagor