It is illegal to tow a vehicle without a law enforcement agency. The car owner borrows money from the loan company/financial institution with the car mortgage, and forms a loan mortgage contract legal relationship with the loan company/financial institution; if the car owner fails to repay the car loan, the loan company/financial institution can directly sue the court for repayment , and requires that the mortgaged property be seized and paid according to the priority of the mortgage rights. The mortgage company can auction the mortgaged property through litigation procedures, and the proceeds will be paid first.
House mortgage does not constitute a crime for individuals
House mortgage is a form of guarantee. As long as it complies with the relevant laws and regulations of our country, citizens, legal persons, and civil subjects of other organizations can mortgage .
Procedures for mortgaging a house to an individual:
1. Both parties concerned shall be present in person and bring their ID cards and copies.
2. Original property certificate.
3. Mortgage agreement.
4. After completing the procedures, first leave the real estate certificate at the Housing Authority. After seven working days, both parties will pick it up in person with their ID cards.
I hope the above content will be helpful to you. If you have any other questions, please consult a professional lawyer.
Legal basis: "Article 3944 of the Chinese People's Republic of China Code guarantees the performance of the debt, and the debtor or a third party does not transfer possession of the property and mortgage the property to the creditor. If the debtor fails to fulfill the due date When a debt is owed or a situation stipulates that the mortgage rights are realized by the parties, the creditor shall have priority in receiving payment for the property. The debtor or the third party specified in the preceding paragraph shall be the mortgagor, and the creditor shall be the mortgagee, and the property providing guarantee shall be the mortgaged property. China Article 120 of the People's Liberation Army and the National Civil Procedure Law stipulates that any unit or individual that takes compulsory measures to hinder civil proceedings must be ruled by the people's court to illegally detain others or illegally seize other people's property to recover debts. Investigate criminal liability in accordance with the law, or impose detention or fines.