Generally speaking, when other rights are registered, the term date will be written on it, that is, the term of other warrants, that is, the period for the debtor to perform the debt.
There is a column of "term of rights" on the real estate license, and the lease term is required when registering other rights.
Don't worry at all. The term of other warrants is not the "validity period", but the debt settlement period. If the debtor fails to pay off his debts within the time limit, his creditors may exercise the mortgage right. The agreed time limit has been put on record and registered, and should be terminated after the expiration, which has no agreed effect! When the mortgage expires, the mortgage is still valid.
The guarantee period agreed by the parties or required by the registration department is not legally binding on the existence of security interests. During the mortgage period registered by the registration department, the existence of the mortgage right has no legal effect, and the mortgage right does not disappear due to the expiration of the mortgage period. If the principal creditor's rights of the creditor's bank are not paid off due, the creditor's bank can exercise the mortgage right regardless of whether the registered mortgage period expires or not until two years after the limitation of action for the principal creditor's rights ends.
What is the mortgage loan process?
1. The borrower shall fill in the Application for Mortgage of Residential Houses and submit the bank certification materials before lending. The bank examines the borrower's loan application, purchase contract, agreement and related materials.
2. The borrower shall hand over the title certificate, insurance policy or securities of the collateral to the bank for safekeeping. Guarantors of both borrowers and borrowers sign the housing mortgage loan contract and notarize it.
3. After the loan contract is signed and notarized, the bank's deposits and loans to the borrower are transferred to the selling unit or building unit specified in the purchase contract or agreement.
4 loan settlement, including normal settlement and early settlement.
(1) Normal settlement refers to the settlement of the loan on the loan maturity date (one-time repayment of principal and interest) or the last installment of the loan (installment repayment);
(2) Early settlement means that before the loan expires, the borrower must apply to the bank in advance to settle part or all of the loan, and the bank will repay the loan at the designated accounting counter after approval. After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.