El pago directo por parte del acreedor garantizado: fundamentos de la transmisión de la propiedad

The secured transactions law repealed the prohibition on the forfeiture agreement, and at the same time established the basis for direct payment, through which the creditor acquires the property offered as security in the case of a default on contractual obligations. However, for the transfer of p...

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Bibliographic Details
Main Author: León Moreno, Carlos Alberto
Format: Article
Language:Spanish
Published: 2016
Subjects:
Online Access:https://dialnet.unirioja.es/servlet/oaiart?codigo=7252031
Source:Revista Derecho Privado: (Universidad de los Andes), ISSN 1909-7794, Nº. 56, 2016
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Summary: The secured transactions law repealed the prohibition on the forfeiture agreement, and at the same time established the basis for direct payment, through which the creditor acquires the property offered as security in the case of a default on contractual obligations. However, for the transfer of property, national legislation stipulates (as per other rem rights) the confluence of both a title and a mode of acquisition, without which the transfer of the property is invalid. The moment of utmost significance is when the creditor acquires the property of the colateral. It is in that instant that the asset passes from the posession of the debtor to that of said secured creditor. This paper aims to establish some of the consequences of the elimination of the prohibition on the forfeiture agreement as well as analyze the basis for the acquisition of the asset offered as collateral by the aforementioned direct payment institution.