1. What procedures are needed after the loan is paid off?
(1) Handle the mortgage cancellation procedures with the loan bank;
(2) Go through the refund formalities of the corresponding insurance premium with the insurance company;
(3) Procedures for refunding the deposit to the developer, if any; If you have applied for the real estate license during the loan period, you only need to go to the window of the administrative service center housing management office with the cancellation form, other warrants and bank ID card.
2. Legal basis:
Article 21 of the Interpretation of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Disputes over Commercial Housing Sales Contracts.
In the case of a commercial housing sales contract with secured loan as the payment method, if one party requests to confirm that the commercial housing sales contract is invalid or to cancel or terminate the contract, if the secured party files a lawsuit as a third party with independent claim, it shall be tried together with the dispute over the commercial housing secured loan contract; Do not bring a lawsuit, only deal with disputes over commercial housing sales contracts; If the guaranteed party files a separate lawsuit against the contract dispute of commercial housing secured loan, it can be tried together with the dispute of commercial housing sales contract; If the Commodity House Purchase and Sales Contract is confirmed invalid or cancelled or dissolved, and the Commodity House Guaranteed Loan Contract is also dissolved, the seller shall return the principal and interest of the house purchase loan and the purchased house price to the guarantor and the buyer respectively.
Two, after the loan is paid off, what materials need to be prepared to cancel his warrants?
1, application form for cancellation of other rights;
2. The applicant's identity card;
3. Certificate of other rights;
4. Bank repayment certificate;
5. If entrusted, the trustee shall hold his ID card and provide a legally binding power of attorney.