Korean Law in English
Laws › Civil Act › CHAPTER IX MORTGAGE

Civil Act — Article 360 (Scope of claim secured)

민법 제360조

A mortgage shall secure the principal, interest, penalty, damages arising from the nonperformance of the obligation, and the expense for the enforcement of the mortgage. Where the compensation for damages is delayed, a mortgage can be exercised only as regards the payments due in respect of one year after the lapse of time for the performance of the principal.

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