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¡¡¡¡5. other documents related to the subject matter of the mortgage registration.

¡¡¡¡Article 8¡¡A notary public shall accept an application that fulfils the following conditions:

¡¡¡¡1. the property for which the mortgage registration is being applied conforms to the stipulations provided in Article 3 and Article 4 hereof;

¡¡¡¡2. the subject matter of the mortgage registration falls within the jurisdiction of the respective notary public; and

¡¡¡¡3. all of the documents specified in Article 7 hereof are provided.

¡¡¡¡If the notary public does not accept the application, it shall make a record thereof in the file and notify the applicants in a timely manner.

¡¡¡¡Article 9¡¡The notary public shall complete its examination (of the application) and decide whether to register (the mortgage) within five working days from the date of acceptance of the application.

¡¡¡¡Article 10¡¡The notary public shall refuse to register the mortgage if:

¡¡¡¡1. the documents provided by the applicants are invalid;

¡¡¡¡2. a dispute exists between the applicants regarding the name, quantity, quality, state, location, and ownership or use of the mortgaged property; or

¡¡¡¡3. the property over which the mortgage is created may not be mortgaged according to laws and regulations.

¡¡¡¡If registration is refused, the notary public shall make a record thereof in the file and notify the applicants in writing.

¡¡¡¡Article 11¡¡If the notary public decides to register a mortgage, it shall issue a Mortgage Registration Certificate to the parties.

¡¡¡¡The Mortgage Registration Certificate shall contain the following particulars:

¡¡¡¡1. the name and identity document number or the name, work unit code and address of the mortgagor and mortgagee;

¡¡¡¡2. the type and amount of the principal obligation secured;

¡¡¡¡3. the name, quantity, quality, state, location, and ownership or use of the mortgaged property;

¡¡¡¡4. the term for performance of the obligation by the debtor;

¡¡¡¡5. the scope of security covered by the mortgage;

¡¡¡¡6. particulars of the remortgage;

¡¡¡¡7. the date of mortgage registration; and

¡¡¡¡8. other matters.

¡¡¡¡Article 12¡¡Where a notary public registers a real property mortgage, it shall notify the administrative department in charge of real property upon issuance of the Mortgage Registration Certificate.

¡¡¡¡Article 13¡¡A notary public that handles mortgage registration shall be equipped with computers for inputting information of mortgage registration and shall set up physical registers for recording the information of the mortgage registration handled by the notary public.

¡¡¡¡A notary public that handles mortgage registration shall exchange information of mortgage registration with other notaries public in a timely manner. The methods by which information is exchanged shall be formulated by the judicial office (bureau) of each province, autonomous region and municipality directly under the central government.

¡¡¡¡Article 14¡¡If, following an amendment to the mortgage contract, the parties apply to a notary public for an amendment to the registration, and after examination, the application conforms to the provisions of mortgage registration, the notary public shall amend the mortgage registration.

¡¡¡¡If, following an amendment to the mortgage contract, the parties fail to amend the mortgage registration, the mortgage amended by the parties themselves shall not have the effect of mortgage registration under the PRC, Security Law.

¡¡¡¡Article 15¡¡If, upon full performance of the principal obligation or early termination or discharge of the mortgage contract, the parties apply to a notary public for cancellation of the mortgage registration, the notary public shall cancel the mortgage registration.

¡¡¡¡Article 16¡¡When handling mortgage registration, a notary public shall charge mortgage registration fees in accordance with provisions. The mortgage registration fee shall be borne by both parties or as agreed between them.

¡¡¡¡Article 17¡¡Subject to payment of a fee in accordance with provisions, the parties and the relevant personnel may inspect, take note of or photocopy the information of mortgage registration.

¡¡¡¡Article 18¡¡Where security is created over property rights such as the right to contract for business and other contractual rights, receivables or future rights, the notary public may carry out registration by reference to these Procedures.

¡¡¡¡Article 19¡¡The Ministry of Justice is responsible for interpreting these Procedures.

¡¡¡¡Article 20¡¡These Procedures shall be effective as of the date of promulgation.