4 'collateral provider' from May also be notified of the fact overdue debtors

[Korea Seo Hye Rin nine financial newspaper reporter] # A person who is offered an apartment owned by a friend of favor as collateral for the loan of a friend. Then one day, were suddenly looking at the fly somehow come off the auction notice friends know that not repay the loan. Buryat Buryat do contact the lender to prevent the auction was aware of the fact that already more than twenty thousand and ten million won to pay in addition to the principal. I had previously given us the facts of emergency late friend at the bank would have solved all now come I try to take the auction has raised the complaint said, I am French and have so casually, like a snowball.

In order to prevent the occurrence of the damage and the A's future it should immediately notify the debtor of such arrears to the fact that financial institutions have mortgage provider. Like Mr. A is expected to be reduced in cases where the collateral provider unjustly burden a large amount of overdue interest.

The FSS said that mortgage mandate debtor's overdue notifications, even providers in order to improve the above cases received by the 27th '1332 Call Center'.

Currently financial institutions are obliged to notify the guarantor if the borrower is past due more than one month in accordance with the "Special Protection for insurers. State and notify the debtor guarantors without delay source, and does not carry more than one month to the other obligations.

However, to those who provided the collateral for the loan debt of another person it does not have legal effect. As a result, financial institutions are or give the debtor's arrears to the fact that mortgage providers, is a reminder even tells how the mail, text message (SMS) is a unified approach to member financial institutions, such as by circumstances.

Therefore, Mr. A would like to be aware of the times when it was not until late until the start of the auction process, etc. In fact, for one of my real estate offering to others without knowing the situation, obligations, collateral. If you do not know the circumstances, including the fact that the debtor's delinquency in time lost the opportunity to minimize the overdue interest and overdue interest burden of unforeseen high may occur.

The FSS when the arrears persist over a period of time even if the collateral provider requests has improved the institutional financial companies to notify debtors of arrears to the fact that mortgage providers.

FSS officials 'bank must notify the notification service delivery to a text message (SMS) unify to build complete 3 end of February this year, a notification system for the collateral provider to the collateral to the main debtors of delinquent facts from April providers' high he explained, 'mutual savings banks and finance last December' basic loan transaction agreement 'was amended to mandate that written notice of the arrears to the fact that mortgage providers' he said.

Meanwhile, the FSS said that if there is damage or complaints regarding financial matters, you received a complaint to the Financial Supervisory Service Call Center 1332 can receive a wide range of financial consulting services in one stop.



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