SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Demonstrate knowledge and understanding of the bond registration process 
SAQA US ID UNIT STANDARD TITLE
13420  Demonstrate knowledge and understanding of the bond registration process 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for all learners in the field of mortgage finance as it provides an introduction to the application of concepts, terms, and legislation relevant to the registration process in the context of mortgage finance.

Persons credited with this unit standard will be able to demonstrate knowledge and understanding of the overall process of bond registration, explain the role of attorneys in the registration process, the Deeds Office, the role of the financier/ bank and the outcomes of the registration process. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
There is open access to this unit standard. Learners should be competent in Communication at level 3. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge and understanding of the overall process of bond registration 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The reason why bond registration is necessary is explained according to the legal and financial requirements. 

ASSESSMENT CRITERION 2 
2. The overall process of achieving bond registration is detailed according to the generally accepted practice in the banking industry. 

ASSESSMENT CRITERION 3 
3. The parties involved in the process are detailed according to legal requirements for bond registration. 

ASSESSMENT CRITERION 4 
4. The timing of the process is explained according to ideal and generally accepted practice and legal requirements. 
ASSESSMENT CRITERION RANGE 
Sectional title and property developments.
 

ASSESSMENT CRITERION 5 
5. The costs incurred to during the registration process are specified according to generally accepted legal and financial practice. 

ASSESSMENT CRITERION 6 
6. The financial impact of delays in registration is explained according to the effect on the parties. 

SPECIFIC OUTCOME 2 
Explain the role of attorneys in the registration 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The different attorney's involved in the process are identified according to the legal requirements and general practice. 

ASSESSMENT CRITERION 2 
2. The role of the attorney's are distinguished from each other and their specific functions explained according to the legal requirements and process and general practice. 
ASSESSMENT CRITERION RANGE 
Transfer attorney, cancellation attorney, registration attorney, conveyancing attorney. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 3 
3. The process followed by the attorneys is explained according to the legal requirements and generally accepted practice. 

ASSESSMENT CRITERION 4 
4. The documentation involved in achieving the registration of a bond is specified according to the legal requirements and generally accepted practice. 

SPECIFIC OUTCOME 3 
Explain the role of the deeds office in the registration process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The role of the Deeds Office is identified and explained according the legislative regulations. 

ASSESSMENT CRITERION 2 
2. The need for the Deeds Office is explained according to the legislative requirements. 

ASSESSMENT CRITERION 3 
3. The specific functions performed by the Deeds Office are explained according to the legislative requirements. 

ASSESSMENT CRITERION 4 
4. The actual process of registration in Deeds Office is explained according to the legislative requirements and actual practice. 

ASSESSMENT CRITERION 5 
5. The documents produced by the process are specified according to the legislative requirements. 

SPECIFIC OUTCOME 4 
Explain the role of the financier/bank in the registration process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The role played by the bank/financier in the registration process is explained according to actual practice in line with the banks policy and procedure. 

ASSESSMENT CRITERION 2 
2. The motivation for the bank being involved in the registration process is explained according to actual practice and in line with the banks policy and procedure. 

ASSESSMENT CRITERION 3 
3. The timing and nature of the banks involvement is specified according to actual practice in line with the banks policy and procedure. 

ASSESSMENT CRITERION 4 
4. The responsibility for documentation is explained according to actual practice in line with the banks policy and procedure. 

SPECIFIC OUTCOME 5 
Explain the outcomes of the registration process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The goals of the registration process are defined according to the outcomes of a successfully completed process. 

ASSESSMENT CRITERION 2 
2. The legal documentation that regulates the relationships between the parties is identified according to the legal requirements and generally accepted banking practice. 

ASSESSMENT CRITERION 3 
3. The nature of the new relationships formed between the parties is explained according to the legal agreements in place. 

ASSESSMENT CRITERION 4 
4. The basic rights and obligations of the parties are specified according to the terms and conditions of the agreements in place. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1 Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2 Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
3 Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
The knowledge acquired in this standard relates to an understanding of the different roles of the parties to the registration process. This knowledge allows the learner to understand exactly what the bank is and what it is not responsible for as well as what factors in the process are under its control and those that are not. The criteria against which this knowledge is evaluated are expressed in the standard. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
N/A 

UNIT STANDARD LINKAGES 
N/A 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO COLLECTING 
In this standard the learner demonstrates the ability:
  • to collect, organise and critically evaluate information when the nature of the new relationships formed between the parties is explained according to the legal agreements in place.
  • to collect, organise and critically evaluate information when the basic rights and obligations of the parties are specified according to the terms and conditions of the agreements in place. 

  • UNIT STANDARD CCFO CONTRIBUTING 
    In this standard the learner demonstrates the ability to understand the relationship between delays in registration and the effect on the parties to the registration process in terms of the potential financial impact. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Additional information:

    Legal requirements:

    All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 
    Elective  59097   Further Education and Training Certificate: Real Estate  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Absa Learning & Development 
    2. Bidvest Bank 
    3. Chartall Business College 
    4. Cornerstone Performance Solutions (Pty) Ltd 
    5. Felix Risk Training Consultants 
    6. Firstrand Bank - Benmore 
    7. Nedbank Ltd 
    8. The Facilitation Workshop 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.