Last updated on April 18, 2026
Contractual security over immovable property (จำนอง) governed by Sections 702–746 of the Thai Civil and Commercial Code. The mortgagor retains possession and ownership but encumbers the property with a charge in favour of the mortgagee, who may in case of default apply to the court to order a judicial sale. Mortgages must be registered at the Land Department and cannot exceed the value of the secured debt.
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