Forest right mortgage loan
Forest right mortgage loan refers to borrowing from financial institutions with forests, forest ownership (or use right) and forest land use right as collateral. The interest rate of forest right mortgage loan shall not exceed 1.5 times of the benchmark interest rate.
The innovation of forest right mortgage loan business lies in that it has broken the long-standing single pattern of bank loan mortgage based on real estate, introduced the new collateral of forest land use right and forest ownership, and turned sleeping forest resources into assets that can be mortgaged and realized.
Problems existing in forest right mortgage loan
First, the credit and moral hazard caused by difficulties in pre-lending investigation and evaluation:
Due to the lack of forestry evaluation professionals in financial institutions, they do not understand the growth cycle and economic value of trees. Generally, the value of collateral is entrusted to an appraisal institution, which is prone to collusion between borrowers and appraisal institutions or collusion between borrowers and credit personnel, artificially increasing the value of collateral and leading to moral hazard.
At present, although the forestry department undertakes the value evaluation of forest property collateral, due to the lack of funds, evaluation standards and professional technicians, and the lack of professional forest assets evaluation team, it is easy to lead to improper evaluation, thus increasing the credit risk of loans.
The second is the legal risk caused by the imperfect service support system:
The operation process of forest right mortgage is not clear, and the forestry department has not formed a standardized forest right mortgage registration management system and a unified forest right mortgage registration evaluation procedure, which has affected the business development process of forest right mortgage loan.
On the one hand, there are many certificates in one forest, that is, the old and new certificates coexist at the same time, on the other hand, the forest right certificate handled before the forest reform is used as collateral. Because of the irregular management of mortgage registration, it is easy to cause multiple mortgages or mortgage forest land circulation.
Third, the market risk caused by the difficulty of post-loan management:
First, it is difficult to monitor the withdrawal of borrowers' funds; Second, the management of collateral is difficult; Third, the transfer mechanism of forest right disposal is not perfect, which increases the difficulty of realizing asset disposal.
About forest right mortgage loan? Is there a problem with the forest right mortgage loan? So much for the introduction. After reading the above contents, everyone has a certain understanding of forest right mortgage loan. After all, forest right mortgage loan is a brand-new loan business, which is still in the exploration stage, and it still faces many difficulties and problems in the process of business development. I hope I can help you. This article is for reference only.