Operating Rules for Mortgage Guarantee of Real Estate and Land in Microfinance Business is a regulation formulated by China Banking Regulatory Commission, aiming at standardizing the operating procedures of mortgage guarantee of real estate and land in microfinance companies and preventing and controlling risks. Specifically, the detailed rules stipulate that small loan companies need to carry out asset evaluation and risk evaluation to determine the real value and risk status of collateral, and also need to perform mortgage procedures and registration procedures to ensure the effectiveness and legitimacy of mortgage guarantee. In the process of implementation, small loan companies need to reasonably choose the way and scope of mortgage guarantee according to the actual situation, establish and improve the internal management mechanism, and strengthen supervision and risk prevention. In addition, the detailed rules also clarify the responsibilities and obligations of relevant responsible persons in the process of mortgage guarantee, including the internal audit, approval and risk control of microfinance companies and the supervision and guidance responsibilities of the CBRC. It should be noted that due to the differences in real estate markets in different regions and industries, small loan companies need to analyze local market conditions and policies and regulations in real estate mortgage guarantee, and rationally plan and implement corresponding mortgage guarantee strategies.
What risks should microfinance companies pay attention to when undertaking real estate and land mortgage guarantee? Small loan companies need to pay attention to risks such as risk dispersion, inaccurate collateral evaluation, loss or sale of collateral. Therefore, before mortgage guarantee, small loan companies need to fully investigate and evaluate the value and stability of collateral, establish and improve the management mechanism of collateral, strengthen risk control and risk prevention, and reduce the risks brought by mortgage guarantee of real estate and land.
The Operating Rules for Mortgage Guarantee of Real Estate and Land in Microfinance Business is of great significance to standardize the mortgage guarantee work of microfinance companies. Small loan companies need to follow specific operational procedures and requirements, formulate scientific mortgage guarantee strategies, and strengthen internal management and risk prevention to control risks and improve efficiency.
Legal basis:
Article 4 of the Measures for the Administration of Urban Real Estate Mortgage states that if the ownership of the house has been mortgaged according to law, the land use right within the occupied area of the house must be mortgaged at the same time of demolition.