zálogbejegyzést

Zálogbejegyzés, often translated as pledge registration or charge registration, is a legal procedure in Hungary that secures a creditor's claim against a debtor's movable or immovable property. It involves formally recording the pledge, which serves as collateral for a debt, in a public registry. This registration provides legal certainty and priority for the creditor in case of the debtor's default or insolvency.

The process typically begins with a loan agreement or other secured transaction where the debtor pledges specific assets as security. A formal pledge document, outlining the details of the debt, the collateral, and the parties involved, is then prepared. This document, along with other necessary paperwork, is submitted to the relevant authority for registration. For immovable property, this is usually the land registry (földhivatal), while for movable property, it might be a specific registry for vehicles or other assets, or sometimes an electronic register.

Once registered, the zálogbejegyzés establishes the creditor's right over the pledged property. This means that if the debtor fails to repay the debt, the creditor has the legal right to enforce the pledge and sell the property to recover the outstanding amount. The registration also informs third parties about the existence of the pledge, preventing them from acquiring the property free of the creditor's claim without their consent. The priority of claims is generally determined by the order of registration, meaning the earlier registered pledge usually takes precedence over later ones. This legal mechanism is crucial for facilitating credit and ensuring financial stability by providing security to lenders.