Turkish Law in EnglishTÜRKİYE
Turkish Civil Code (Law No. 4721)

Article 937: b. Supervision

Book Four: LAW OF PROPERTY › Part Two: LIMITED RIGHTS IN REM › Chapter Two: CHARGES ON IMMOVABLE PROPERTY › Division Four: LOAN CERTIFICATES SECURED BY A PLEDGE OF IMMOVABLES

The owner of the pledged immovable or the intermediary institution shall be obliged to hold drawings by lot according to the repayment plan and to cancel the certificates whose value has been paid.

In the case of annuity certificates, these transactions shall be supervised by the State.

Original Turkish text

MADDE 937 · b. Denetleme

Rehinli taşınmazın maliki veya aracı kurum, ödeme plânına göre kur'a çekmek ve karşılığı ödenen senetleri iptal etmekle yükümlüdür.

İrat senetlerinde bu işlemler Devletçe denetlenir.

Text as of 1 October 2026 · Official source (Turkish): mevzuat.gov.tr ↗

Unofficial translation for information only. The Turkish text published in the Official Gazette is the only authoritative version. This page is not legal advice.