Personal Property Secured Transactions Act Article 23
Any contractual stipulation providing that ownership of the mortgaged property shall be transferred immediately to the mortgagee upon failure to satisfy the claim at its maturity shall be void.
中文原文 動產擔保交易法第23條
契約約定於債權已屆清償期而未為清償時，抵押物之所有權移屬於抵押權人者，其約定為無效。