Mortgage RegistrationS go online

From 8 July 2020, all mortgage registrations in Indonesia must be made through an online system, HT-el System. HT means "hak tanggungan" (mortgage). No offline registrations will be allowed.

Before the HT-el was effective, registrations were done offline by land deed officials (pejabat pembuat akta tanah, "PPAT") at the relevant land offices. Under the HT-el System, the mortgage registrations would require the involvement of the mortgagees too.

Each mortgagee must have an account registered through mitra.atrbpn.go.id. which is under the Ministry of Agrarian and Spatial Planning/ National Land Office.

Through its account, the mortgagee has to check and confirm if the details in the mortgage application filed by the relevant PPAT are correct. Once the mortgagee has confirmed that, the HT-el will issue an invoice to the mortgagee, and it has to make payment within certain period. After the payment is made, the mortgage certificate will be issued electronically to the mortgagee.

Currently there is no option at the mitra.atrbpn.go.id. to register an account for a foreign entity which is not a financial institution. Under the Indonesian Mortgage Law, a foreign entity that is not a financial institution is allowed for being a mortgagee.

Such foreign entity may not appoint an Indonesian financial institution as a security agent and register the mortgage under the name of the security agent to resolve the issue above. This is because under the Indonesian Mortgage Law, the mortgagee shall be the creditor of the loan (not a security agent).

We hope this system limitation issue could be resolved soon.
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