mortgagee bank(If the mortgagee bank is acting in this capacity as security trustee for a syndicate of lenders it has two different capacities: account bank in respect of the ... ... Applicant should then submit an application to the Home Assistance Loan Unit (HALU) to apply for consent to change mortgagee bank. The insurable interest of a mortgagee bank is defined in s.14(1) of the Marine Insurance Act 1906. The judge then dealt with the two heads of damage which the mortgagee bank advanced against the association. He held firstly, that the claim in respect of the ... Alexander Demidov)
statutory mortgage(Many jurisdictions permit specific assets to be mortgaged without transferring title to the assets to the mortgagee. Principally, statutory mortgages relate to land, registered aircraft and registered ships. Generally speaking, the mortgagee will have the same rights as they would have had under a traditional true legal mortgage, but the manner of enforcement is usually regulated by the statute. Moonranger)
