Civil Code Article 881-1
This English translation was last updated on 2021-01-20, but the Chinese text was amended on 2026-08-17. Later amendments may not be reflected in the translation — please refer to the Chinese text.
A line of credit mortgage is a mortgage created for not more than a specified maximum amount on real property belonging to a debtor or a third party and provided thereby to secure a creditor's unspecified claim within a specific scope against the debtor.Claims secured by line of credit mortgages shall be limited to claims deriving from specific legal relationships or to rights deriving from negotiable instruments.For rights deriving from negotiable instruments, with the exception of those obtained on the basis of a specific legal relationship with a debtor as referred to in the preceding paragraph, if the mortgagee accepts any further transfers of negotiable instruments once the debtor has ceased payment and begun liquidation proceedings, or once there has been any composition agreement, application for bankruptcy, or application for company reorganization pursuant to the Bankruptcy Act, the rights under such negotiable instruments are not a claim secured by the line of credit mortgage. This restriction shall not apply, however, if the mortgagee has accepted transfer of a negotiable instrument without knowledge of those circumstances.
中文原文 民法第881-1條
稱最高限額抵押權者，謂債務人或第三人提供其不動產為擔保，就債權人對債務人一定範圍內之不特定債權，在最高限額內設定之抵押權。
最高限額抵押權所擔保之債權，以由一定法律關係所生之債權或基於票據所生之權利為限。
基於票據所生之權利，除本於與債務人間依前項一定法律關係取得者外，如抵押權人係於債務人已停止支付、開始清算程序，或依破產法有和解、破產之聲請或有公司重整之聲請，而仍受讓票據者，不屬最高限額抵押權所擔保之債權。
但抵押權人不知其情事而受讓者，不在此限。
最高限額抵押權所擔保之債權，以由一定法律關係所生之債權或基於票據所生之權利為限。
基於票據所生之權利，除本於與債務人間依前項一定法律關係取得者外，如抵押權人係於債務人已停止支付、開始清算程序，或依破產法有和解、破產之聲請或有公司重整之聲請，而仍受讓票據者，不屬最高限額抵押權所擔保之債權。
但抵押權人不知其情事而受讓者，不在此限。