{"id":7226,"date":"2021-12-21T13:49:22","date_gmt":"2021-12-21T06:49:22","guid":{"rendered":"https:\/\/pl-partners.vn\/?p=7226"},"modified":"2023-12-07T15:08:41","modified_gmt":"2023-12-07T08:08:41","slug":"compare-collateral-with-mortgaged-property","status":"publish","type":"post","link":"https:\/\/pl-partners.vn\/en\/compare-collateral-with-mortgaged-property\/","title":{"rendered":"Compare collateral with mortgaged property"},"content":{"rendered":"<blockquote>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 14px;\"><em>Th<\/em><em>is article helps readers <\/em><em>learn more about collateral and <\/em><em>mortgaged property, thereby being able to distinguish <\/em><em>them.<\/em><\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">In practice, the concept of &#8220;mortgaged property&#8221; is quite familiar because we often hear it when we need to make bank loans. In contrast, we rarely hear &#8220;collateral &#8221; and are often confused when distinguishing between these two types of assets.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">In this article, to help you better understand the collateral and mortgaged property, thereby distinguishing them, PL &amp; Partners Law Firm will have specific comparisons.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">N\u1ed9i dung b\u00e0i vi\u1ebft<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pl-partners.vn\/en\/compare-collateral-with-mortgaged-property\/#1_WHAT_IS_COLLATERAL_WHAT_IS_A_MORTGAGED_PROPERTY\" title=\"1. WHAT IS COLLATERAL? WHAT IS A MORTGAGED PROPERTY?\">1. WHAT IS COLLATERAL? WHAT IS A MORTGAGED PROPERTY?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pl-partners.vn\/en\/compare-collateral-with-mortgaged-property\/#2_SIMILARITIES_BETWEEN_COLLATERAL_AND_MORTGAGED_PROPERTY\" title=\"2. SIMILARITIES BETWEEN COLLATERAL AND MORTGAGED PROPERTY.\">2. SIMILARITIES BETWEEN COLLATERAL AND MORTGAGED PROPERTY.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pl-partners.vn\/en\/compare-collateral-with-mortgaged-property\/#3_DIFFERENCES_BETWEEN_COLLATERAL_AND_MORTGAGED_PROPERTY\" title=\"3. DIFFERENCES BETWEEN COLLATERAL AND MORTGAGED PROPERTY.\">3. DIFFERENCES BETWEEN COLLATERAL AND MORTGAGED PROPERTY.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pl-partners.vn\/en\/compare-collateral-with-mortgaged-property\/#PL_AND_PARTNERS_LAW_FIRM\" title=\"PL AND PARTNERS LAW FIRM\">PL AND PARTNERS LAW FIRM<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"1_WHAT_IS_COLLATERAL_WHAT_IS_A_MORTGAGED_PROPERTY\"><\/span><span style=\"color: #003366;\"><strong>1. WHAT IS<\/strong><strong> COLLATERAL<\/strong><strong>? WHAT <\/strong><strong>IS A MORTGAGED PROPERTY<\/strong><strong>?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Collateral is a property that the securing party uses to secure the performance of a civil obligation towards the secured party. For example, Mr. A and Mr. B signed a contract to buy and sell real estate. Accordingly, Mr. A deposited an amount of VND 500 million to secure the purchase and sale. This amount of 500 million is the collateral.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The mortgaged property is a form of collateral. Accordingly, the mortgagor will use the property under his\/her ownership to provide security to perform the obligation without handing over the property to the other party (the mortgagee). For example, Mr. A borrowed 500 million from the bank and mortgaged his house to secure his debt repayment obligation. In this situation, the house is a mortgaged property.<\/span><\/p>\n<figure id=\"attachment_7877\" aria-describedby=\"caption-attachment-7877\" style=\"width: 1020px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-7877\" src=\"https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/12\/so-sanh-tai-san-dam-bao-va-tai-san-the-chap-1-1024x717.jpg\" alt=\"Both collateral and mortgaged property are used to secure one party's performance to the other.\" width=\"1020\" height=\"714\" srcset=\"https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/12\/so-sanh-tai-san-dam-bao-va-tai-san-the-chap-1-1024x717.jpg 1024w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/12\/so-sanh-tai-san-dam-bao-va-tai-san-the-chap-1-269x188.jpg 269w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/12\/so-sanh-tai-san-dam-bao-va-tai-san-the-chap-1-768x538.jpg 768w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/12\/so-sanh-tai-san-dam-bao-va-tai-san-the-chap-1-1536x1075.jpg 1536w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/12\/so-sanh-tai-san-dam-bao-va-tai-san-the-chap-1-2048x1434.jpg 2048w, https:\/\/pl-partners.vn\/wp-content\/uploads\/2021\/12\/so-sanh-tai-san-dam-bao-va-tai-san-the-chap-1-43x30.jpg 43w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><figcaption id=\"caption-attachment-7877\" class=\"wp-caption-text\"><em>Both collateral and mortgaged property are used to secure one party&#8217;s performance to the other.<\/em><\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"2_SIMILARITIES_BETWEEN_COLLATERAL_AND_MORTGAGED_PROPERTY\"><\/span><span style=\"color: #003366;\"><strong>2. SIMILARITIES<\/strong><strong> BETWEEN <\/strong><strong>COLLATERAL AND MORTGAGED PROPERTY.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #000000;\">Both are assets used to ensure that an individual or organization will be able to perform their civil obligations towards the obligee, such as debt repayment obligations, performance obligations, etc.<\/span><\/li>\n<li><span style=\"color: #000000;\">When used as security for the performance of an obligation, both types of assets remain in possession of the mortgagor or securing party. When an obligation is not performed in accordance with the agreed commitment, the property will be handled by the mortgagee or the secured party to deduct the obligation that the other party breached.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"3_DIFFERENCES_BETWEEN_COLLATERAL_AND_MORTGAGED_PROPERTY\"><\/span><span style=\"color: #003366;\"><strong>3. DIFFERENCE<\/strong><strong>S<\/strong><strong> BETWEEN <\/strong><strong>COLLATERAL AND MORTGAGED PROPERTY.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">To clearly distinguish between these two types of assets, please refer to the following table:<\/span><\/p>\n<table style=\"height: 308px; width: 99.40564635958395%; border-collapse: collapse; border-style: solid; border-color: #000000; background-color: #fafafa;\" border=\"1\/4pt\" width=\"99.40564635958395%\" cellspacing=\"15px\" cellpadding=\"15px\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\" width=\"50%\"><span style=\"color: #000000;\"><strong>Collateral<\/strong><\/span><\/td>\n<td style=\"text-align: center;\" width=\"50%\"><span style=\"color: #000000;\"><strong>Mortgage<\/strong><strong>d property<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;\" width=\"50%\"><span style=\"color: #000000;\">The collateral includes many types of assets such as deposited, pledged, escrowed property, etc.<\/span><\/td>\n<td style=\"text-align: justify;\" width=\"50%\"><span style=\"color: #000000;\">Is a type of collateral<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;\" width=\"50%\"><span style=\"color: #000000;\">Except for mortgaged and pledged properties that are real estate, other collaterals are enforceable against third parties without being registered.<\/span><\/td>\n<td style=\"text-align: justify;\" width=\"50%\"><span style=\"color: #000000;\">The mortgaged property is effective against third parties from the time of registration<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify;\" width=\"50%\"><span style=\"color: #000000;\">Different types of collateral will be regulated with different procedures and handling methods.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>E.g.:<\/strong> For escrowed property, the bank will keep them. For the deposited property, the depositee will hold the depositor&#8217;s property. For pledged property, the pledgee will hold the pledgor&#8217;s property, etc.<\/span><\/td>\n<td style=\"text-align: justify;\" width=\"50%\"><span style=\"color: #000000;\">The mortgagee allows the mortgagor to continue holding and using the mortgaged property.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Thus, PL &amp; Partners Law Firm has shared with you about collateral, mortgaged property as well as the distinction between these two types of assets.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Hope the above information will be useful to you.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If you need further legal assistance, please contact us at:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"PL_AND_PARTNERS_LAW_FIRM\"><\/span><span style=\"color: #ed1c24;\"><strong>PL <\/strong><strong>AND<\/strong> <strong>PARTNERS<\/strong><strong> LAW FIRM<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\"><span style=\"color: #000000;\"><em><strong>Head<\/strong><strong>quarters<\/strong><strong>:<\/strong><\/em><\/span> <span style=\"color: #000000;\">46<sup>th<\/sup> Floor, Bitexco Financial Tower, No. 2 Hai Trieu, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\"><em><span style=\"color: #000000;\"><strong>O<\/strong><strong>ffice:<\/strong><\/span><\/em> <span style=\"color: #000000;\">Lot 1.16 Viva Riverside, 1472 Vo Van Kiet, Ward 3, District 6, HCMC<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #282828;\"><em><span style=\"color: #000000;\"><strong>Hotline:<\/strong><\/span><\/em> <span style=\"color: #000000;\">093.1111.060<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong><em>Email:\u00a0<\/em><\/strong><a style=\"color: #000000;\" href=\"http:\/\/info@pl-partners.vn\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">info@pl-partners.vn<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong><em>Facebook:<\/em><\/strong>\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.facebook.com\/PLLaw\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">www.facebook.com\/PLLaw<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong><em>Website:\u00a0<\/em><\/strong><a style=\"color: #000000;\" href=\"https:\/\/pl-partners.vn\/\"><em>www.PL-PARTNERS.vn<\/em><\/a><em> \u2013 <\/em><a style=\"color: #000000;\" href=\"http:\/\/www.hoidapluat.net\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><em>www.HOIDAPLUAT.net<\/em><\/a><em> \u2013 <\/em><a style=\"color: #000000;\" href=\"http:\/\/www.thutucphaply.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><em>www.THUTUCPHAPLY.org<\/em><\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">We are always ready to assist you.<\/span><\/p>\n<hr \/>\n<table style=\"height: 79px; border-collapse: collapse; background-color: #e3f1fa; width: 100%;\" width=\"100%\">\n<tbody>\n<tr>\n<td><em>The article is based on the <\/em><em>applicable law<\/em><em> at the time of writing and may no longer be <\/em><em>appropriate<\/em><em> at the time you read <\/em><em>it<\/em><em> due to changes in law<\/em><em>s<\/em><em>. Therefore, the article is for reference only.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>This article helps readers learn more about collateral and mortgaged property, thereby being able to distinguish them. In practice, the concept of &#8220;mortgaged property&#8221; is quite familiar because we often hear it when we need to make bank loans. In contrast, we rarely hear &#8220;collateral &#8221; and are often confused when distinguishing between these two [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":4148,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/posts\/7226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/comments?post=7226"}],"version-history":[{"count":0,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/posts\/7226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/media\/4148"}],"wp:attachment":[{"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/media?parent=7226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/categories?post=7226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pl-partners.vn\/en\/wp-json\/wp\/v2\/tags?post=7226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}