1. The bank will sue the parties and let them pay off with other property.
2. For other assets, the bank will apply for enforcement.
If there are no other assets, the bank will blacklist the parties and limit their high consumption until they pay off.
Mortgage loan refers to the loan that the borrower obtains from the bank with certain collateral as guarantee. It is a form of bank loan, and the collateral usually includes securities, China bonds, various stocks, real estate, bills of lading, warehouse receipts or other documents proving the ownership of goods. When the loan expires, the borrower must return it in full, otherwise the bank has the right to dispose of the collateral as compensation.
Legal basis: People's Republic of China (PRC) Civil Procedure Law.
Article 17 The basic people's courts shall have jurisdiction over civil cases of first instance, except as otherwise provided by this Law.
Article 18 The Intermediate People's Court shall have jurisdiction over the following civil cases of first instance: (1) Major foreign-related cases; Cases with great influence in the region; (3) Cases determined by the Supreme People's Court to be under the jurisdiction of the Intermediate People's Court.
Article 119 A prosecution must meet the following conditions: (1) The plaintiff is a citizen, legal person and other organization that has a direct interest in the case; (2) Having a clear defendant; (3) Having specific requests, facts and reasons; (4) It falls within the scope of civil litigation accepted by the people's court and is under the jurisdiction of the sued people's court.