"Nakhchivan Mortgage Fund" Open Joint Stock Company was established by the Decree No. 41-V FR dated November 7, 2016 of the Chairman of the Supreme Assembly of the Nakhchivan Autonomous Republic.

All shares of the company belong to the state. In its activities, the society is guided by the constitutions and laws of the Republic of Azerbaijan and the Autonomous Republic of Nakhchivan, international agreements to which the Republic of Azerbaijan is a party, decrees and orders of the President of the Republic of Azerbaijan and the Chairman of the Supreme Assembly of the Autonomous Republic of Nakhchivan.

The company is a legal entity. The main purpose of the company in its creation is to create mechanisms for providing the population of the Nakhchivan Autonomous Republic with housing through long-term mortgage lending, and to carry out work related to helping to attract financial resources to mortgage lending.

The company finances mortgages, including preferential mortgage loans. "Nakhchivan Mortgage Fund" Open Joint Stock Company does not provide direct mortgage loans to the population. Provision of mortgage loans to the population is carried out by authorized banks appointed by "Nakhchivan Mortgage Fund" Open Joint Stock Company.