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Supplementary Provisions, Article 4Change of Provision on Maximum Amount

第四条(極度額についての定めの変更)

With regard to a former revolving mortgage whose provision on the maximum amount does not conform to the provisions of the New Act, that provision may be changed, only before the principal is fixed, so as to conform to the provisions of the New Act. In this case, it is not required to obtain the consent of a subordinated mortgagee or any other third party.

旧根抵当権で、極度額についての定めが新法の規定に適合していないものについては、元本の確定前に限り、その定めを変更して新法の規定に適合するものとすることができる。この場合においては、後順位の抵当権者その他の第三者の承諾を得ることを要しない。

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