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Nu. g!; (qtl..7-2003) OIiFICIItL.. GALt:,'I'I'li<br />

<strong>THE</strong> <strong>MINISTRIES</strong><br />

011 tnol-tgage of, ot'guatat~toe wrth, land use tight at~d<br />

assots aik~uhed to laud as lol/ows<br />

I. GENERAL MATTERS<br />

<strong>THE</strong> MINIS TR Y OF JUSTICE - <strong>THE</strong><br />

MINISTRY OF NATURAL RESOURCES AND<br />

ENVIRONMENT<br />

JOINT CIRCULAR NO. 03120031TTLTIBTP-<br />

BTgMT OF .3fr'!.Y 4, 2003 GUIDING <strong>THE</strong><br />

ORDER AND PROCEDURES FOR<br />

REGISTERING AND SUPPLYING<br />

INFORMATION ON, MORTGAGE OF, AND<br />

GUARANTEE WITH, LAND USE RIGHT AND<br />

ASSETS ATTACHED TO LAND<br />

Pursuant to the Government's Decree No. O8/2000/<br />

ND-CP of March 10, 2000 on registratiorl of security<br />

transactions;<br />

Pursuant to the Government's Decree No. -1 7/1999/<br />

/VD-CP of March 29, 1999 on the proceclures for<br />

exchange, fransfec lease, sublease and inheritance of<br />

the land use right as well as for mortgage of, and capital<br />

contribution wifh, the land use rigill va/ue;<br />

Plrrsuanl to the Government's Decree No. 79/200.1/<br />

ND-CP of November 1, 2007 amending and<br />

supplementing a number of articles of the<br />

Government's Decree No. 17/199Y/ND-CP of Mrch<br />

29, 7'999 on the proccdiires for ~xchange, tratlsfe~;<br />

lease: sublease and inheritance of the land use right<br />

as well as for mt~rtgage of; and capital contrii~ulion with,<br />

the Iaf?,Ild use right value;<br />

111 order to ensure the ~~/?iforrn irr?plerner?tntiot~ of<br />

tile kegat documents 011 /cgistr'at~ot~<br />

of mortgage of, or<br />

guarantee with, land use right ntld assets atfadled to<br />

/ancl, and to create filvomble conddions for aotivilies of<br />

registrafion and m~fortnnt/on supply in this dornwn, tile<br />

Justice Min~st~y and H7e Notutat Hesocirccs arid<br />

Envrronrnent Minsir y herchy joir~tly {p,rdt? the urrlo~ utld<br />

p,'.'r;cdures for reg~s!erm?g and s~pply,flg h/ornl;lticwl<br />

1. Scope of regulatiot~<br />

This Circular guides in detail the followirig matters:<br />

1 ,l. Registration of ancl supply of information on<br />

mortgage of, or guarantee with, land use right and<br />

assets attached to land of domestic liouseholds and<br />

individuals; and foreign organizations and indiv~duals<br />

that, according to the provisions of law, are entitled to<br />

mortgage or provide guarantee with land use right and<br />

assets attached to land (hereirlafter referred crjllectively<br />

to as the registration of, and supply of information, on<br />

mortgage andlor guarantee);<br />

1.2. Responsibilities, tasks and powers of the<br />

provincial/municipal Natural Resources and<br />

Environment Services and the People's Committees<br />

of communes, wards or district townships in the<br />

registration of, and supply of information on, mortgage<br />

andlor guarantee;<br />

1.3. Order and procedures for registering and<br />

supplying information on mortgage and guarantee.<br />

2. Cases of registration of mortgage and<br />

guarantee<br />

2.1. The following cases of mortgage and guarantee<br />

must be registered:<br />

alThe mortgage of, or guarantee with, the land use<br />

right or with the land use right and assets attached to<br />

land;<br />

bl The mortgage of, or guarantee with, assets<br />

attached to land, which, as prescribed by taw, are<br />

subject to the ownership registl-;~tioti;<br />

cl The mortgage of assets attached to land ofhcr<br />

than the case prescribed at Itern b of this Point, but the<br />

parties agree to let the rnurtyagor or' a third party keep<br />

suclr assets;<br />

dl The nlortgagc of assoto attached lo larid as<br />

st:c~irity for pul-for~nancc of rr~;~r'~y r~t)liyatinns;


No. 35 (7U-7-2003)<br />

E/ Written riaticc:s on the disposal of ~nortgayod or<br />

guarantee assc!ts.<br />

2.2. Cascr; of rey~stration at requests:<br />

When one party or. parties to contracts on guarantee<br />

with assets attached to land, that do rlot fall within one<br />

of ttw cases prescribed at Point 2.q of this Clause,<br />

request, such guarantee shall also be registered.<br />

2.3. Assets attached to land prescribed in this<br />

Cjrcular are immovable assets, including:<br />

a1 Dwelling houses, other construction works<br />

attached to larid;<br />

bl Assets attached to dwelling houses or other<br />

constructim works spesified in Item a of this Point in<br />

cases of mortgage or guarantee, irlcluding dwelling<br />

houses, other construction works and such assets;<br />

cl Perennial tree gardens, forests;<br />

dl Other assets attached to land<br />

3. Responsibilities of parties to mortgage or<br />

guarantee contracts in the registration<br />

Parties to mortgage or guarantee contracts shall<br />

have to take self-responsibility for the truthfulness of<br />

contents declared in registration applications,<br />

registration dossiers and the legality of mortgage or<br />

guarantee contracts. If the parties inscribe in the<br />

registration applications untruthful contents or contents<br />

inconsistent with agreement in the mortgage or<br />

guarantee contracts, or commit acts of forging dossiers,<br />

they sliail have to pay compensations to damagesuffering<br />

parties according to the provisions of law.<br />

4. Respor~sibilitieli of mortgage and guarantee<br />

registries<br />

The mortgage and guarantee registries defined in<br />

Clause 1, Sectiorl 1 1 of this Circular have the<br />

responsibility:<br />

4 1. 1b register in an accurate tnanner valid<br />

applications strictly according to their cor~tents already<br />

declared by the rcyistmtion I-equestet-s according to<br />

the provisions of this (Iirc~~lar: If inaccurate registration<br />

causes damage, r;ornpens;)tio~~s therefor must be<br />

inride accurdi~l(j to the: prov~sior~s of law;<br />

4 2. 'To c:;.jlry out the registration and supply<br />

ir~lcrrmation OII rntlrtgaye arid guar,arltee stricIly<br />

;~ccor.tliny to tl~u orcier, procedul-es arld tirne lirritts<br />

prt:scribt?d in this Circular;<br />

4.3. To refrain from requesting part~es to mortgage<br />

or'guarat'ltet: co~\tracts to submit any papers other than<br />

those prescribed in this Circular.<br />

5. Registration requeste~<br />

Mortgage or guarantee registration requesters<br />

mentioned in this Circular are the following persons:<br />

5.1. Mortgagors and mortgagees:<br />

5.2. Guara~ltors and guarantees;<br />

5.3. New mortgagors, new guarantors or new<br />

mortgagees, new guarantees in case of change of one<br />

of the parties prescribed at Points 5.1 and 5.2 of this<br />

Clause;<br />

5.4. Persons authorizationd by one of parties to<br />

mortgage or guarantee contracts or by all of them.<br />

6. Declarers of registration applications<br />

Mortgagees, guarantees or persons authorizationd<br />

by mortgagees or guarantees shall make declarations<br />

in registration applications.<br />

7. Legality of the mortgage and guarantee<br />

7.1. Mortgage or guarantee contracts already<br />

registered shall be legally valid to the third party as<br />

from the time of registration till the date of registration<br />

defetior i.<br />

In cases where the contract-signing parties transfer<br />

ttle land trse right or purchase arldlor sell assets<br />

att;3ctied to land, wt,ich are currently niortyaged or used<br />

in guarantee and have beer1 registered, the mortgagees<br />

or guarantees shall still have the right to clispuse.such<br />

assets to disct~arge due okl~gatior~s which the<br />

tnortyilgol-s or guarantors fall to perform or improperly<br />

pr:rforrr~. This preacr'iptiori tihall not apply to rnortgagcd<br />

or !j!.rar.ai~tee acisels being grmrln t;irculated in the


production or business process according to tllc<br />

provis~uns at IJoint b, Clause '1, Article 77 of the<br />

Government's Decree No. 105119991ND-CF-l of<br />

Nov~mher g 9, 1999 on security trgnsactions.<br />

Before stgt~iny contracts on transfer of land use<br />

right, purchase of dwelling houses or conducting ather<br />

trarisactior~s related to land use right, assets attached<br />

to land, Ihe parties should request the registries in ti be<br />

lvcalities where exist the land or assets attached to<br />

land, to supply ~nformation on such assets accordirlg<br />

to the prov~sions in Section IX of this Circular.<br />

-7.2. 'l'iriie of registration is the time when the<br />

registries receive valid registration dossiers<br />

Fur case of addition&\ ~egistratioi: ol' mortgaged or<br />

guarantee assets, the time of registration of such asset<br />

portions shall be the time when the registries receive<br />

valid additional registration dossiers.<br />

In cases where the assets currently used in<br />

mortgage or guarantee are replaced with the land use<br />

right or the land use right and assets attached to land,<br />

the parties shall request the deletion of old registration<br />

and making of new registration (considered as firsttime<br />

registration). In these cases, the time of registration<br />

shall be the time when the registries receive new valid<br />

registration dossiers.<br />

A valid dossier must comprise all the papers<br />

requir~dfor each case prescribed in Clause 2, Section<br />

Ill; Point 2.1, Clause 2, Section /V; Clause j, Section<br />

V; Clause 1, Section VI; Clause 1, Sectiorl Vli and<br />

Clause 1, Section IX of this Circular.<br />

Valid applicatior~s for registration Or illformation<br />

supply are those with all declaration contents being<br />

filled in as guided in the application form.<br />

7.3. T'irne of registering mortgage or guarantee sl~ait<br />

serve as basis for determining the priority order of<br />

payment among rnortgayces of or guarantees with the<br />

same asset.<br />

8. Registration fee, charge for supply of<br />

information on mortgage ancl guarantec<br />

8.7. IVortgtyago clr guarantee n?gisl~-;~tion req ucstt?r s;<br />

reqtrestcrs for registration of cl~anye in already<br />

rt?gislc!ted ~nortgage or guar':mtec.! contents; rccjucr-;tc?rs<br />

for' corrcct~on of errors in tnartyagc or guarantee<br />

reyi:;trat~or~ applications shall have to pay the<br />

rr-qi::tr;ltinr~ fnr><br />

8.2. Orgatiizations and individuals requesting the<br />

supply of iriforrr~ation on mortgage andlor guarantee<br />

shall have to pay information supply charge.<br />

0.3. l'hc fee and charge rates and contents related<br />

to the registration fee and mortgage andlor guarantee<br />

information supply charge shall comply with Joint<br />

Circular No. 3312002/TTLTIBTC-BTP of April 12,2002<br />

of the Finance Ministry and the Justice Ministry guiding<br />

the regime of collection, remittance, management and<br />

use of the fee for registration of. and "Ihc chargebf<br />

supply of information on, security transactions and<br />

financial-leasing assets.<br />

9. Forms for registration of, and supply of<br />

information an, mortgage andlor guarantee<br />

Requesters of registration of, or supply of<br />

information on, mortgage andlor guarantee must use<br />

the application forms for registration or information<br />

supply; the registries must use books of receipt of<br />

security transaction reg~stration dossiers, security<br />

transaction registers and other papers made according<br />

to the forms promulgated together with this Circular<br />

(not printed herein).<br />

She Justice Mln~sti-y shalt have to uniformly manage<br />

and guide the use of various prescribed forms for<br />

registratior~ or supply of information on mortgage arid/<br />

or guarantec.<br />

ti. AGENCIES REGISTERING MORTGAGE<br />

OF, AND GllARAMTEE WtTH, LAND USE<br />

RIGHT AMDIBR ASSETS ATTACHED TO<br />

LAND<br />

1. Aycncies registering the mortgage of, and<br />

guarantee witli, land use right andlor asscts<br />

attached to latid<br />

I 'I I lit: I\latl.rral Hesources and E.-.t~virontr~ct~t<br />

:it!rv~ct-?s ol tllr:' Ioc;ilit~es where exist land and assets


attached to land art:! competent to register at1c.l supply<br />

informatior~ on mortgage and guaranter: in cases where<br />

mortgagors or guarantors ar.c:l organizations.<br />

7.2. The People's Comm~ttees of cnmlnunes, wartls<br />

or district townships where exist land and assets<br />

attached to land are competent to register and supply<br />

information on mortgage and guarantee in cast:s whore<br />

mortgagors or guarantors are Ro~isehulds or<br />

~ndividuals.<br />

2. Tasks and powers of provinciallmunicipaI<br />

Natural Resources and Environment Services and<br />

the People's Committees ~f communes, wards or<br />

district towflships in the mortgage and guarantee<br />

registration<br />

2.1. To carry out the mortgage or guarantee<br />

registration in the cases prescribed in Clause 2, Sedion<br />

I of this Circular;<br />

2.2. To carry out the registration of changes in the<br />

already registered mortgage or guarantee contents;<br />

2.3, To issue theoriginals of registration applications<br />

already certified by the competent registries to the<br />

registration applicants, To issue copies of registration<br />

applications already certified by the competent<br />

registries to the parties to mortgage or guarantee<br />

contracts at their requests;<br />

2.4. To delete mortgage and guarantee<br />

registrations;<br />

2.5. To make registration of wrilt.cn rlotices on the<br />

disposal of mortgaged or guarantee assets;<br />

2.6. To decide eun the car~cellatiorl of the mortgage<br />

or guarantee registration according to the provisions<br />

in Section Vlil of this .Circular;<br />

2.7, To correct errors in rrlortgage or guararltee<br />

-eyistratiou contents;<br />

2 8. 1% collect the mortytrgt. ur guararilet:<br />

'cg~stration fec,<br />

3.9, -To refuse to rcgi!;t.cr rnorl!jagt:s or grrararitw!~<br />

1'1 Il~e following ca:;cs:<br />

:jI -l-t-lt!y do rinl fall under their nlo~tgagc a~ltf<br />

yuaraotr?c ~,t?glslerjng competence;<br />

l)/ l'tle dossiers ot mortgage or guarantee<br />

r'cyislratiorl are ~nr;cimpletc; papers arc invalid,<br />

c/ Mottyage or guarantee reg~stration applications<br />

fail to fully dcclarc contents which must be declared<br />

according to the fc~rtns promulgated together with this<br />

Circular (not printed herein);<br />

di Mortgage or guarantee registration requesters<br />

fail to pay the I-egistration fee;<br />

el 'The law-prescribed conditions for mortgage of,<br />

or guarantee with, the land use right are not fully met.<br />

2.4 0 To archive and preserve the already registered<br />

dossiers, documents arid ~nforrnation.<br />

3. Tasks and powers of the proviriciallmunicipal<br />

Natural Resources and Environment Services and<br />

the People's Committees of communes, wards or<br />

district townships in the supply of information on<br />

mortgage and guarantee.<br />

3.1. To supply information on the already registered<br />

mortgages and guarantees at requests of organizatioris<br />

arid individuals;<br />

3.2. 1 0 collect information supply charge;<br />

3,3. To refuse to supply information in the following<br />

cases:<br />

alThe applications for information supply fail to fully<br />

declare or improperly declare the contents which must<br />

be declared according to the form promulgated together<br />

with this Circular (not printed herein);<br />

bl lnforrnation supply requesters fail to pay the<br />

information supply charge.<br />

Ill. ORDER AND PROCEDURES FOR<br />

REGISTERING MORTGAGES OF:, OR<br />

GUARANTEES WITH, LAND IJSE RIGHT<br />

ANDlOR ASSETS ATTACHED TO LAND<br />

1, More ~-cqi~c:stirlg the rt?cjistr;ltion ot ~nortclagr?<br />

c-)f, or guarar~ter: with, land irse r'lljt~l ar'ldlor asst-:ts


;-l.lttached lo Innd, tllu colilre(:t:i 011 IIIUI-tyage ijf 01<br />

guaranhe with land use riyht ar\d!w. assets atlachi?d<br />

lo land rr~ust bc nohrized if it is so agl-ectd by the par ties<br />

or so prescribed by law.<br />

2. Dossiers for lnortgage or guarantee r


Itl~. 95 ('l A-7-2003)<br />

?:l. I'~er~~~-sl; td rc:gistration of changes ir~ tt K:<br />

alrc~~rly reyistcrcti rnoriyage or guarantee cot~ttmts<br />

4.3. Certifying ttie rn~rtyage or gual-i~nt~c<br />

shi.~tl :;ubnlil rr:gistration dossiers at the agencies where<br />

rcglstration in the rt?yistration applications;<br />

suc:h lrlortyaye or gur~r antee has been registered. Each<br />

~'cgislration ~Ii)~;~i:r cilrnprises:<br />

4.4. Keeping or'le (01) copy of the mortgage or<br />

guarantee registration application, sending one copy<br />

thereof to the National Registry of Security<br />

'1-i'arisactions, and returning another directly or by mail<br />

to the registration requester together with the contract<br />

artd other papers prescribed in Clause 2 of this Section.<br />

1V. REGISTRATION OF CHANGES IN <strong>THE</strong><br />

ALREADY REGISTERED MORTGAGE OR<br />

GUARANTEE CONTENTS<br />

1. Cases where changes in the already registered<br />

mortgage or guarantee contents lnust be registered<br />

7. l. Change of one of the signatories to a mortgage<br />

or guarantee contract, except for case of change of<br />

the mortgagor or the guarantor with land use right<br />

prescribed in Item b, Point 3.1, Clause 3 of this Section;<br />

change of names, addresses, identity card or passport<br />

serial numbers, business registration numbers,<br />

establishment or investment license serial numbers of<br />

one party or the parties to mortgage or guarantee<br />

contracts:<br />

1.2. Partial withdrawal of mortgaged or guarantee<br />

assets being the land use right or assets attached to<br />

land;<br />

1.3. Replacement or addition of mortgaged or<br />

guarantee assets being assets attached to land;<br />

1.4 Change of the payment priority order upon the<br />

disposal of mortgaged or' guarantee assets;<br />

1.5. Complelion of construction works, or ricw<br />

planting ol perennial tree gardens or forests under- Iht:<br />

owrlership of tnortgagors or guarantors (for casc of<br />

rnortgagc of, or guarantee with, assets to be for~nc?d it)<br />

ttlt? future).<br />

2. Order and prot:edure!; for registering cha~ige!; i t1<br />

ttiu all-cady registered rrlortyage or guarantee cuntc?r~ts<br />

a/ 'I'he application for registration of chariges ~n ttic<br />

already rey istered mortgage or guarantee contents (03<br />

copies); and letter. of a~.rthorization for cases where the<br />

registration requester is an authorized person;<br />

bl Asset ownership certificate if the law prescribes<br />

that such assets are subject to the ownership<br />

registration, for the cases prescribed at Points 1,3 and<br />

l ,S, Clause 1 of this Section.<br />

2,2. The dossier reception shall comply with the<br />

provisions in Clause 3, Sectiorl Ill of this Circular.<br />

2.3. Within seven (7) working days after receiving<br />

valid dossiers, the registries shall have to perform the<br />

following:<br />

a/ Verifying asset ownership certificates, contents<br />

of applications for registration of changes in the already<br />

registered mortgage or guarantee contents, and<br />

comparing them with the registration dossiers kept at<br />

the registries. If the conditions for registration of<br />

changes in mortgage or guarantee contents are fully<br />

met, they shall make entries in the securitytransaction<br />

books and give certifications in the registration<br />

appl~cations. If registration conditions are not fully met,<br />

they shall notify such to the registration requesters<br />

In cases where the registration of changes in the<br />

already registered mortgage or guarantee contents<br />

leads to changes in contents tnscrrbed in the land<br />

administration books or the books for monitoring land<br />

~hanges, tjley sha!l, togather with making entries in<br />

the security trarisact~on registers, have to make entries<br />

in tha laud adrn~ri~st~%tion books and thc! books for<br />

monitoring land changes according to gilida~sce<br />

inscribed therein;<br />

bl Keepiricj onr? (Oq) COPY of the! appllcatlon for<br />

rugistratrorl of ctinr~yes In the already mortgage or<br />

gi!ar.antee contt:n ts, sending one copy thereof to tllc<br />

Islatronal Registry of Securily 'Transactions, and<br />

rt:hrrr~lng anottlr!r dr~c.r:lIy (A by 1r1a11 10 the registratioll


I-eciur:slcr togcthor w~til 111k! ~~japcl-:; pits;cr~tx:d it) Ilr:rn<br />

b, l-'oir~t 2.1, Clause 2 of tlus Sc?ctit~t~. tl~creirn.<br />

3. Cases of ~hallges in tllc already reylstcred<br />

rrlr)rtyaye or cjuara~~tce ~~llkelli~ SLJIJJCCL lo ill(: llew<br />

registration<br />

3.1. Cases subject to the new 1,egistration:<br />

a/ Replacement or addition of mortgaged or<br />

guaratilee assets beirig the lard use right;<br />

bl Change of land use right mortgagors or<br />

guarantors.<br />

3.2. For the cases prescrrbed at Point 3.1. of this<br />

Clause, the old registrations nlust be deleted before<br />

new ones are made The new registration shall be<br />

made according to the order and procedui'es prescribed<br />

in Section 111 of this C~rcular.<br />

V. ORDER AND PROCEDURES FOR<br />

DELETING REGISTRATIONS OF<br />

MORTGAGES OF, OR GUARANTEES WITH,<br />

LAND USE RIGHT ANDlOR ASSETS<br />

ATTACHED TO LAND<br />

1. Mortgage or guarantee registration deletion<br />

requesters must submit applications therefor (3 cop~es)<br />

at the agencies where the mortgage or guarantee<br />

registration has been made. In cases where the<br />

registration deletion requesters are authorrzed persons,<br />

letters of authorization are required.<br />

2. The dossier reception shall comply with-the<br />

provisions in Clause 3, Section III of this Circular.<br />

3. Within three (03) working days after receiving<br />

valid dossiers, the registries shall have to delete<br />

mortgage or guarantee registrations from the security<br />

tr:msaction registers. in cases where sccurity assets<br />

are land use right or land use right and assets attad~ed<br />

to land, the registries shall, togottier with the deletio~l<br />

of the mortgage or guarantee regislratinr~s from the<br />

st?curity transaction registers have tn dclcte the<br />

r-r~ortgage or guarantee registrations from land<br />

adm~nistratian boch sand books for inonitoring land<br />

c;hariges. 'i-iiey shall also certify thrb tlelation nf thc<br />

,riot t{g;,~:gc rir g~~~lri~nlcc rc:yi:jtrat~ons in the ;ipplic:;.lti:,r~:;<br />

4. I-ht! art;hiv;-ll of doss~e~s and the t~ot~frcatlon of<br />

ttrc-! resirlt of the mortgage or guarantee registration<br />

delct~on shall comply with the provisions at IJornt 4.4,<br />

Clause 4, Section 111 ot th~s Ctrcular.<br />

It1 cascs where the registration deletion reqirester<br />

is tt~u morlgagor or y uarantor, the registries shall send<br />

one copy t ~l the application for mortgage or guarantee<br />

registration deletion to the mortgagee or guarantee.<br />

Registries having no conditions to copy the applications<br />

shall notify in writing the registration deletion to the<br />

mortgagees or guarantees.<br />

VI, ORDER AND PROCEDURES FOR<br />

REGISTERING WRITTEN NOTICES ON<br />

DiSPOSAL OF MORTGAGED OR<br />

GUARANTEE ASSETS BEING LAND USE<br />

RIGHT OR ASSETS ATTACHED PO LAND<br />

1. In cases where the mortgaged or guarantee<br />

assets already registered at the registries must be<br />

disposed, within fifteen (15) days before disposing the<br />

mortgaged or guarantee assets, the mortgagees or<br />

guarantees shall have to submit the applications for<br />

registration of written notices on disposal of such assets<br />

(3 copies} at the mortgage- and guarantee-registering<br />

agencies. For cases where the registration requesters<br />

are authorized persons, letters of authorization are<br />

required.<br />

2. The reception of applications for registration of<br />

written notices on disposal of mortgaged or guarantee<br />

assets shall carnply with the provisions in Clause 3,<br />

Scctiori 111 of th~s Circular.<br />

3. Witt~irl three (03) working days after re~eiving<br />

valid dossiers, the registries shall have to perforrri the<br />

following:<br />

3,'l. Vt!rifying the dossiers, making entries thereof<br />

in tllc SE:~;UI.~~~ tlarlsaction registers, giving certification:;<br />

in applications for rcyistration of written notices on<br />

disposal of 111t? rllo~-tgaged or guarantee assr:ls;<br />

3.2. Nt)lifyir\y irl writing the disposal of thr!


11 or tgayed or guarilr I tt:e d:,:;c.:!s Io ( i ~r! co--rr~orlga~gc:e:;<br />

or CO-guarantees iri case:; wi,~r!~,c: 1111: land use right or<br />

assets attached Io land ;dr.~ in01 t$yayed or used in<br />

guarantee to secure t l l ~ perlor.marice of many<br />

ohl~gations.<br />

3 3. >-he archival of dot;:,rc\s and the notifrcat\on ol<br />

the registration result shall comply w~th the prov~sions<br />

at Point 4.4, Clause 4, Soc;tior~ I11 or thls Circular.<br />

4. Upon the completion of the disposal of all<br />

mortgaged or guarantee a:;sets, (he requesters of<br />

registration of written notices on disposal of mortgaged<br />

or guarantee assets shall have to send applicatior~s<br />

for mortgage or guarantee registration deletion to the<br />

agencies where the writteii notices on disposal of<br />

mortgaged cr guarantec assets have been registered,<br />

so that the latter shall effect such registration deletion<br />

according to the provisions in Section V of this Circular.<br />

in cases where only a part of mortgaged or<br />

guarantee assets is disposed, the applicants for<br />

registratton of written notices on disposal of the<br />

mortgaged or guarantee assets shall, upon the<br />

completion of the disposal, have to send applications<br />

for registration of changes in already registered<br />

contents (withdrawal of part of mortgaged or guarantee<br />

assets) to the agencies where the written notices on<br />

disposal of mortgaged or guarantee assets Rave been<br />

registered, so that the latter sllall carry out the<br />

registration of changes in such already registered<br />

conter~ts according to fhe provisioos in Section IV of<br />

this Circular,<br />

VII. CORRECTION OF ERRORS<br />

IN REGISTERED MORTGAGE OR<br />

GUARANTEE CON'I'ENTS<br />

2. ({egistl ililclt-I t.llhcials shall rct:orti ir I tht: wt iir6:rl<br />

reqLtc;:sl:i ihc: t1111c (nlinutc, hour, day, month, year) of<br />

r.ecejy)t 1ht:rczlf For the correctiori of t!rrc)r:i in<br />

declarat~ons tnilrle by registratmn reqilesters, the time<br />

c.~f fcgistratiorl shall he the time when the registries<br />

t'ecuive vrjl~d err or correr:tton writien requests f nr tl~t:<br />

correctiorl of errors in certifications made by the<br />

registries, the tirnt: of reg~stration shall be the time wtlerr<br />

the registriss receive f~rst-time registratiorl applicat~orls<br />

3. With~n three (03) working days after the receipt<br />

of valid error mrection written requests, the registries<br />

shall have to correct the errors and give cert~fications<br />

in the error correction written requests.<br />

4. The archival of dossiers and the notifrcatiori of<br />

the t:r'l-or correction result shall comply with the<br />

provisions at Point 4.4, Clause 4, Section Ill of this<br />

Circular.<br />

VI11. CANCELLATION OF MORTGAGE OR<br />

GUAFWNTEE REGISTRATION RESULTS<br />

In cases where the registries, after the mortgages<br />

or guarantees have been registered, detect the<br />

declared contents ~n the registration applications are<br />

untruthful or inconsistent with the parties' agreements<br />

but the parties do not request the error correction, they<br />

shall issue documents on cancellation of such<br />

mortgage or guarantee registrations and delete the<br />

reg~~trations according to the provisions ~n Clause 3,<br />

Sectiorl V of this Circular.<br />

The documents on cancelfatiorl of rrlortgage or<br />

guarantec registration must be sent to the mortgage<br />

or guarantee rcgistratjon requesters and the National<br />

Registry of security '~'ransactions.<br />

1. When one party or parties to mortgage or<br />

gilarantee contracts detect errors it I contetits of various<br />

mortgage or guarantee registration applications, they<br />

shall submit written reqi~ests for- crrur correction (03<br />

IX. SUPPLY OF INFORMAI^ION<br />

ON MOH'TGAGE OFj OR GUARANlEE WITH,<br />

LAND USE RIGHT AND ASSETS<br />

ATTACHED TO LAND<br />

~~~~~~~5)- to tho mor-ty agc 01 gu;~rar~tsu-registering<br />

agencies. In cases whcrc the: c?rror correct~on<br />

requesters are authorizeri pc::~-:


s~ibrnit infurm;ition supply rcqiresi!; at: the followir~g<br />

State agencies:<br />

1.2. The Natural Resources and Environment<br />

Services of localit~es where the land and assets<br />

attached to land exist, for case of inquiries into<br />

information on mortgage or' guarantee with mortgagors<br />

or guarantors being oryan~zations;<br />

'1.2. The People's Cornrnittees of communes, wards<br />

or district townships where the land and assets attached<br />

to land exist, for case of inquiries into information on<br />

mortgage or guarantee with mortgagors or guarantors<br />

being households or individuals;<br />

1 3 The National Registry of Security Transactions<br />

or its branches, in case of rnryircs into information on<br />

mortgage or guarantee of organizations, households<br />

and individuals thr'oughout the country when the<br />

national data system of security transactions officially<br />

operates<br />

2. information supply requesters shall have to pay<br />

information supply charge upon submitting information<br />

supply requests.<br />

3. Upon receiving information supply requests,<br />

regjstratjon officials shall have to examine them, refer<br />

to information in the security transaction registers and<br />

inspect the charge collection; then supply available<br />

information on mortgage or guarantee according to the<br />

names of mortgagors or guarantors already recorded<br />

~n the security transaction registers,<br />

Within three (03) working days after receiving valid<br />

irlformation supply requests, the registries shall hand<br />

directly or send by mail information sirpply documents<br />

to the requesters.<br />

X. IMPLEMENTATION ORGANIZA'f ION<br />

7. 'l'his C~rcuiar takes effect 75 days after its<br />

puklicatio~ in the OiRaal C;i~~t.,ttt!<br />

2 I;ontracls on mortgage of, or guarantee with, larld<br />

use right n~ldlor assets attachceri to larld s~gned before<br />

tht: efft?ctivc dnto of this Clrc~!lar t~rltl :itill valid must<br />

also be re{jistorc!d accvrdir\g to Iht? prov~sions of this<br />

3. 'I'cr promulgate? toyether. with this C:ircular the<br />

forrns of re~jtstration or supply of ~ciformation on<br />

martgrage or g~iarn~rtee (not printed her'eln) to be applied<br />

at the provincialln\~~~~it;ipaI Natural Resuurces and<br />

Envirorlment Serviccs and the People's C:ocnffiittees<br />

of communes, wards or district townships in<br />

replacen'lent of the previously prescribed forms.<br />

4. Contents of guidance on registration of mortgage<br />

of, or guarantee with, land use right andlor assets<br />

attached to land in the followirlg documents are hereby<br />

annullsd:<br />

4.1 Clauses 1 and 3, Section VJ ol the General<br />

Lartd Administration's Circular No 14173? 9981TT-<br />

TCDC of September 18, 1999 guiding the<br />

implementation of the Government's Decree No. 171<br />

1999IND-CP of March 29, 1999 on the procedures for<br />

exchange, transfer, lease, sub-lease and lnheritance<br />

of land use right, and mortgage of, and capital<br />

contribution with, land use right value;<br />

4.2. Clause 3, Section !I of the General Land<br />

Administration's Circular No. 1 883120011TT-TGDC of<br />

November 72, 2001 guiding the forms of contract in<br />

realizing the land user's rights; fornls of contract on<br />

mortgage of land use right value and contract on<br />

guarantee with land use right value, pron~ulgated<br />

together with Circular No. 188312001 /TT-TCDC of<br />

November 1 2,2001.<br />

5. Responsibilities of the People's Cornnittees of<br />

fhe provinces and centraly-run cjties for the State<br />

management over the registration of security<br />

transact~uns with the land use right and assets attached<br />

to land.<br />

Apart from the tasks and powers prescribed in<br />

Article 7 of the Government's Decree No. 08R0001ND-<br />

CF.' of March 10, 2000 on I-c?yistration of security<br />

transact~arlrj, the People's (:ornrnittees of Itle provinces<br />

and ~.critrally.r~~n cities performing thc State<br />

rr~anagcmcr~t ovc?~. thc registration of security<br />

transactiotrs wit}) fancl c~sc right and assets attached to<br />

land in thr:ir respci:tivc lot;nlitie!; sllall al:;o II;+v(;~ the<br />

following spr?citir: lasks and powers.


!i. I. 'So arrany c (~fficials to carry out tht? registl-ali~.)l><br />

of mortgage of, ar.guat;lntee with, land usc right ;ir-~rll<br />

or assets aitach~xl to land at ragis\ries in \heir respective!<br />

locn!itic.s;<br />

5.2. To ensure material and technical fac~lities for<br />

the registries to organize the registratio~,) ar~d<br />

information supply according to their competence;<br />

5.3. To coordinate with the Natural Resources and<br />

Environment Ministry and the Justice Ministry in<br />

profess~onally fostering the officials engaged in t k work<br />

of registration of mortgage of, or guarantee with, land<br />

I rsr: ri:jl';t dt~(ilr)l- ;jcsets attached lo lanci<br />

fi Ally pr~t~lr:rns arising irl the cour:;;e ul impfernnr~--<br />

tntlon of this Circular should be promptly reported to<br />

t1-w ,Ju:;tic:e Mirlist~y and the Nat~~raf Resotlrces anti<br />

Iltlv~ronrnetil Ministry for study and solution.<br />

Mirrister of Justice<br />

UQNG CHU LUU<br />

Minister of<br />

Natural Resources and Environment<br />

MA1 AI TRUC

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