Regulatory Alerts2024-03-01
Movable Property Security Register FAQ
The Office of the General Registrar has established a unified, online electronic Movable Property Security Register to facilitate credit access for SMEs by allowing movable and intangible assets to secure loans. The system enables creditors to instantly verify existing collateral, prioritizes first-registered security interests, and minimizes lending risks through streamlined registration, modification, and cancellation processes. Financial institutions benefit from free access during the initial 2018 implementation year, while subsequent annual fees will cover operational costs and ensure transparent information sharing.
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