Regulations of the Land Registration Article 116

The application of registration for change of mortgage right against the same collateral due to change of order of mortgage right shall satisfy all of the following conditions:(1) The increase of mortgage right of higher order as guarantee of obligatory right due to change of order and when there is (are) holder(s) of other rights of middle order, consent is required from the holder(s) of other rights of middle order.(2) The order of mortgage right rising higher due to change of order, as stipulated by Article 870-1 of the Civil Code concerning the registration of transfer or waiver of order, shall require the consent from the successor of such order, or from the mortgagee that benefits from the waiver of order.The abovementioned registration shall be jointly applied by the mortgagee, ascertaining that the order has been changed. The applicants shall clearly state in the proper column on the registration form that the obligor, the pledger, and the joint pledgers have been notified and have signed the registration form.