Is there a loan for the utility model patent?

Utility model patents can be loaned to banks. Moreover, the patentee of utility model needs to sign a written mortgage loan contract with the bank and register the pledge of utility model patent right at the same time. If the patentee fails to fulfill the repayment obligation, the bank has the right to apply for auction and sell the patent.

legal ground

Article 444 of the Civil Code stipulates that if the property rights in intellectual property rights such as the exclusive right to use a registered trademark, patent right and copyright are pledged, the pledge right shall be established upon the completion of the pledge registration. After the pledge of property rights in intellectual property rights, the pledgor may not transfer or license others to use them, unless the pledgor and the pledgee agree through consultation. The pledgor shall pay off the debts in advance to the pledgee or deposit the price for transferring or allowing others to use the pledged intellectual property rights. Article 437 Upon the expiration of the debt performance period, the pledger may request the pledgee to exercise the pledge right in time; If the pledgee fails to exercise it, the pledger may request the people's court to auction or sell the pledged property. Where the pledgor requests the pledgee to exercise the pledge right in time, and the pledgee delays in exercising the right and causes damage to the pledgee, the pledgee shall be liable for compensation.