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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Evaluate the impact of changes to details after bond registration on the finance agreement 
SAQA US ID UNIT STANDARD TITLE
13421  Evaluate the impact of changes to details after bond registration on the finance agreement 
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 5  Level TBA: Pre-2009 was L5  14 
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 mortgage finance field.

Persons credited with this unit standard will be able to evaluate impact of changes to the individual and non- individual borrower, evaluate impact of changes to property, explain the impact of changes to mortgage loan and the impact of default on the mortgage loan. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner understand basic concepts related to property, ownership, security and mortgage bonds as a specific type of security. This includes an understanding of the bond registration process. Learners should be competent in Communication at level 3. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Evaluate impact of changes to the individual borrower 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The impact of a change to a borrowers name or addition of a name to the title deed is evaluated according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 2 
2. The impact of the death of a borrower on mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 3 
3. The impact of a change in marital status of a borrower on the mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 4 
4. The impact of the substitution of a debtor on the mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 5 
5. The impact of insolvency a borrower on the mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 6 
6. The action to be taken on the part of the bank in relation to changes to the individual borrower are identified and explained according to the general banking policy and procedure. 

SPECIFIC OUTCOME 2 
Evaluate the impact of changes to the non-individual borrower 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The impact of a change to the directorship of a company on the mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 2 
2. The impact of a change to membership of a close corporation on the mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 3 
3. The impact of a change of administrator of a trust on the mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

ASSESSMENT CRITERION 4 
4. The actions to be taken by the bank to affect changes to the non-individual borrower are identified and explained according to the general banking policy and procedure. 

SPECIFIC OUTCOME 3 
Evaluate impact of changes to property 
OUTCOME RANGE 
Sub division, release of portions, consolidation, registering a servitude, rezoning. Evidence of competence across the full range is required. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The nature of the change to the property is explained according to the legal definition of the changes. 

ASSESSMENT CRITERION 2 
2. The extent of the change to the mortgage finance relationship is evaluated according to the legal entitlement to the property. 

ASSESSMENT CRITERION 3 
3. The extent of the change to the mortgage finance relationship is evaluated according to the financial impact of such a change. 

ASSESSMENT CRITERION 4 
4. The risk associated with changes to the property are highlighted and explained with the use of examples according to the impact on the mortgage finance relationship. 

ASSESSMENT CRITERION 5 
5. The action to be taken on the part of the bank in relation to changes to the property are identified and explained according to the general banking policy and procedure. 

SPECIFIC OUTCOME 4 
Explain the impact of changes to mortgage loan 
OUTCOME RANGE 
Rate changes, term of loan changes, investments, paying up the loan, cancellation, further bond, 2nd bond in favour of a 3rd party. Evidence of competence across the full range is required. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The reason/motivation for changes to the mortgage loan are identified and explained according to the bank's policy and procedure. 

ASSESSMENT CRITERION 2 
2. The financial the impact of the changes to the loan on the borrower is explained using examples. 

ASSESSMENT CRITERION 3 
3. The action to be taken on the part of the bank in relation to changes to the mortgage loan are identified and explained according to the general banking policy and procedure. 

SPECIFIC OUTCOME 5 
Explain the impact of default on the mortgage loan 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The administrative and legal process evoked by default of a borrower is explained according to the general banking policy and procedure. 

ASSESSMENT CRITERION 2 
2. The administrative and legal process of foreclosure of the loan by the bank is detailed and explained general banking policy and practice. 

ASSESSMENT CRITERION 3 
3. The financial impact of default on the borrower and the bank is evaluated and illustrated with the use of examples. 

ASSESSMENT CRITERION 4 
4. The legal impact of default on the borrower and the bank is evaluated and illustrated with the use of examples. 


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 a thorough understanding of the parties and their legal entitlement following the registration of a mortgage bond. This includes the impact of changes in circumstances or details and how these changes effect the original agreement and legal entitlement. 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 IDENTIFYING 
In this standard the learner demonstrates the ability to identify and solve problems when action to be taken on the part of the bank in relation to changes to the property are identified and explained according to the general banking policy and procedure. 

UNIT STANDARD CCFO COLLECTING 
In this standard the learner demonstrates the ability to collect, organise and critically evaluate information when impact of insolvency a borrower on the mortgage finance relationship is evaluated and explained according to the legal and financial impact of such a change. 

UNIT STANDARD CCFO CONTRIBUTING 
In this standard the learner demonstrates the ability to understand the relationship between the financial the impact of the changes to the loan on the borrower is explained using examples. 

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  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


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. African Bank Ltd 
3. Chartall Business College 
4. Nedbank Ltd 
5. Plumb Line Risk Alignment 
6. The Facilitation Workshop 
7. The Institute of Literacy Advancement 



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.