What is the work flow of the guarantee company?

The operation process of the guarantee company is: 1. Negotiate with customers first, and finally reach an agreement; 2. The guarantee company shall review the corresponding application materials provided by customers; 3. Conclude a written guarantee contract according to law; 4. Go through the mortgage registration formalities.

legal ground

Article 388 of the Civil Code To establish a security interest, a security contract shall be concluded in accordance with the provisions of this Law and other laws. Guarantee contracts include mortgage contracts, pledge contracts and other contracts with guarantee functions. The guarantee contract is a subsidiary contract of the main creditor's rights and debts contract. If the principal creditor's rights and debts contract is invalid, the guarantee contract is invalid, unless otherwise stipulated by law. Article 400 To establish a mortgage, the parties shall conclude a mortgage contract in writing. Article 402 Where the property specified in Items 1 to 3 of the first paragraph of Article 395 of this Law or the building under construction specified in Item 5 is mortgaged, the mortgage registration shall be handled. The mortgage is established at the time of registration. Article 403 Where a chattel is mortgaged, the mortgage right shall be established when the mortgage contract comes into effect; Without registration, you may not be able to fight well-intentioned third parties.