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: 

Administer post-registration changes to a mortgaged property in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7196  Administer post-registration changes to a mortgaged property in a banking environment 
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  23 
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 for people who are responsible for effecting requests for changes to a mortgaged property after registration. People credited with this unit standard are able to handle changes that affect the type and description of the property, handle endorsements to the ownership of the property and to amend the mortgage loan record accordingly. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Open. 

UNIT STANDARD RANGE 
Post-registration changes include changes to the type, description and valuation of the property and changes to the ownership of the property. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Handle post-registration changes to a bonded property 
OUTCOME RANGE 
This specific outcome deals with changes that influence the description and valuation of a property over which a mortgage bond is registered. The changes could occur in terms of Partial expropriation of land; Subdivision of property; Re-zoning of stands, consolidation of properties, tieing of properties and/or registration of real rights over the property (servitudes). 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Request for change to bonded property is obtained and recorded according to company specifications. 
ASSESSMENT CRITERION RANGE 
Requests may initiate from, but are not limited to clients, attorneys and/or Provincial/Local Authorities.
 

ASSESSMENT CRITERION 2 
2. The legitimacy of the request is confirmed according to company specific regulations. 
ASSESSMENT CRITERION RANGE 
Criteria include, but are not limited to property description, legitimate attorney, Surveyor General Diagrams and plans from town/city planner.
 

ASSESSMENT CRITERION 3 
3. Value of remaining security after change is confirmed in accordance with company specifications. 

ASSESSMENT CRITERION 4 
4. Approval for amendment to property is obtained according to company specific regulations. 

ASSESSMENT CRITERION 5 
5. The interest of the mortgagee is protected according to company specifications. 
ASSESSMENT CRITERION RANGE 
Protection of interest includes, but is not limited to the requirement of a payment for the release of a portion of the property, authorised consent for amendments, and guarantees for the recovery of outstanding commitments.
 

ASSESSMENT CRITERION 6 
6. Interested parties are notified of the approval and instructions for further actions are provided according to company specifications. 
ASSESSMENT CRITERION RANGE 
Instructions include the approval to register the approved change to the property and the submission of the necessary documentation e.g. title deed.
 

SPECIFIC OUTCOME 2 
Handle post-registration endorsements to the ownership of bonded properties 
OUTCOME RANGE 
Endorsements to ownership of a bonded property that are required in the following instances - deceased estate; divorce and substitution of debtors. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Request for endorsement to ownership is obtained and recorded according to company specifications. 

ASSESSMENT CRITERION 2 
2. The legitimacy of the request is determined according to supporting documentation. 
ASSESSMENT CRITERION RANGE 
Documentation includes, but is not limited to death certificate, letter of executorship, divorce decree and court order, founding statement and/or resolution of companies.
 

ASSESSMENT CRITERION 3 
3. The ownership position is determined according to the supporting documentation obtained. 

ASSESSMENT CRITERION 4 
4. Actions required to effect the change are identified according to company specific regulations. 

ASSESSMENT CRITERION 5 
5. Approval for endorsement is obtained according to company specific regulations. 

ASSESSMENT CRITERION 6 
6. Interested parties are notified of the approval and instructions for further actions are given in accordance with company specifications. 
ASSESSMENT CRITERION RANGE 
Instructions include approval to register endorsements to ownership and the submission of necessary documentation e.g. title deed.
 

SPECIFIC OUTCOME 3 
Amend mortgage loan records in terms of post-registration changes 
OUTCOME RANGE 
Post-registration changes include changes to property and endorsements to ownership. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The registration progress of the approved changes is monitored according to company specific regulations. 

ASSESSMENT CRITERION 2 
2. The type of change is imposed on the mortgage loan record according to company specifications. 

ASSESSMENT CRITERION 3 
3. Registered changes are reflected on mortgage loan records as per approval and registration. 
ASSESSMENT CRITERION RANGE 
Include, but not limited to client information, property description, valuation and interest rate.
 

ASSESSMENT CRITERION 4 
4. Security status of the borrower is amended according to valuation of property after the change. 

ASSESSMENT CRITERION 5 
5. Interested parties are informed of status of mortgage loan record in accordance with company specifications. 

ASSESSMENT CRITERION 6 
6. Record is prepared for safe custody according to company specifications. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation process (including moderation):
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • 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.
  • 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 which is accredited by the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Learners are able to:
  • Differentiate between and classify post-registration changes according to the impact/change on the property
  • Interpret information and to make decisions regarding the legitimacy of change requests
  • Recognise and discuss the implications and conditions of mortgage loan contractual obligations per type of change
  • Interpret requests and documentation and explain terminology used
  • Operate company specific data system to capture, locate and extract information
  • Use technology and systems to ensure the effective flow of information
  • Identify and describe the requirements of finance and property law applicable per type of change 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems when handling post-registration changes and endorsements to a bonded property, ensuring decisions regarding changes are only taken once authenticity and validity of requests had been established. 

    UNIT STANDARD CCFO WORKING 
    The learner is able to work effectively with others when obtaining and validating requests for post-registration changes from internal departments, attorneys and/or clients, ensuring legitimate amendments to mortgage loan records. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage his/her activities responsibly and effectively, ensuring that the interest of the mortgagee is protected through accurate and timeous amendment of mortgage loan records in terms of post-registration changes. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information when confirming the value of remaining security after changes, ensuring that the interest of the mortgagee is protected. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate both verbally and in writing when advising interested parties of post-registration changes to a mortgaged property. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively when operating electronic systems to capture, locate and extract information, ensuring complete and accurate flow of information. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the relationship between internal departments, attorneys and clients and the importance of networking to effectively administer payment of the proceeds of a mortgage loan. 

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

    UNIT STANDARD NOTES 
    Legal requirements:

    Applicable Finance Law and Property Law e.g. Expropriation Act 63 of 1975 and Matrimonial Property Act, 1984

    Terminology:

    Endorsements
    Endorsement means the process whereby persons are substituted as debtors in mortgage bonds

    Expropriation of land
    In terms of expropriation legislation the state or other authorised institutions may expropriate property (in full or partial) and thereby acquire ownership of the property

    Subdivision of property
    Process whereby a property is divided into smaller portions and a separate title deed is issued for each of the smaller portions

    Consolidation of properties
    Process whereby a number of smaller contiguous properties, each with its own Title Deed are registered collectively as one property with one Title Deed - Often called "Certificate of Consolidated Title"

    Servitudes
    A restriction placed on a property or a portion of a property, in favour of someone else

    Tieing of properties
    The tie of two or more properties occurs where the properties, each with its own Title Deed, are adjacent to each other and buildings or other improvements are erected across the common boundary

    Assessment against unit standard:

    Assessment practices against this unit standard should meet the requirements of established assessment principles, such as validity, reliability and fairness. Assessment activities and tools, which are appropriate to the context in which learners are working, should be used. The assessment should ensure that all the specific outcomes, critical cross-field outcomes, and essential embedded knowledge are assessed. Learners are required to demonstrate that they can perform the specific outcomes with understanding and reflexivity and, where applicable, within all the situations and circumstances defined by the range statement(s). 

    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 


    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.