Mortage

What is mortage?

A mortgage is a loan used to buy a home or Moving Vehicles. You repay the loan, with interest, over a set number of years. The Items being purchased serves as collateral. Inability to repay the mortgage can lead to foreclosure. It's only once the mortgage is paid off that you own the Items "free and clear." It is the Registration Division responsibility to Register all these pledges and documentation for legal purposes.

How to conduct a search on a Registered Collateral?