Entirely Online Without In-Person Meetings: 7 Banks Available for Processing

This article is reprinted from: Kunming Daily

Kunming Main Urban Area Enhances Real Estate Mortgage Cancellation Registration

No face-to-face, fully online process; 7 banks available

This newspaper reports: Liu Tingting. To further deepen the “streamlining administration and delegating power, improving regulation and services” reform, starting from March 23, newly added real estate mortgage cancellation registration within Kunming’s main urban area will be included in the fully online, no face-to-face service scope. Banks and financial institutions that have signed cooperation agreements with the Kunming Real Estate Registration Center can handle mortgage cancellation registration online by logging into the official website of the “Kunming Real Estate Registration Center.” When applying, only proof documents of mortgage elimination or waiver by the mortgagee need to be uploaded; no paper documents need to be submitted offline. The registration authority will review and process based on the electronic “application form” shared through data integration, and once the process is complete, the cancellation result will be promptly fed back to the financial institutions, ensuring a secure closed-loop registration process.

Regarding the paper “Real Estate Registration Certificate” previously issued to financial institutions, after the mortgage cancellation registration is completed, there is no need to return it to the registration authority. The Kunming Real Estate Registration Center will legally invalidate any uncollected paper certificates through public notice, further simplifying procedures and reducing burdens on financial institutions and the public.

It is understood that on February 3, the Kunming Real Estate Registration Center, in cooperation with the Kunming Guguo Branch of the Industrial and Commercial Bank of China, first trialed the fully online, paperless, electronic mortgage cancellation registration process, successfully achieving full online handling. This experience has contributed to the ongoing upgrade of the intelligent online service. The current optimization injects new momentum of “smart review and intelligent handling” into Kunming’s real estate registration, greatly improving the convenience and efficiency of financial services, truly realizing a one-stop, efficient process for “loan repayment + mortgage cancellation,” so that enterprises and the public no longer need to make multiple trips.

Currently, seven banks—China Construction Bank, Bank of China, Industrial and Commercial Bank of China, China Merchants Bank, Agricultural Bank of China, Bank of Communications, and China Minsheng Bank—have established a full-process online cooperation mechanism for real estate mortgage cancellation registration. Next, the Kunming Real Estate Registration Center will continue to expand the “circle of friends” for full online services, broaden convenient channels, increase technological innovation, and continuously promote the digital, intelligent, and convenient development of real estate registration work, effectively enhancing the sense of gain and satisfaction among enterprises and the public.