Banks Down Of Law Basis Of The Mortgage Business Thinking

With the rapid growth of china's aging population, and the yearly heavier burden of social endowment problems, it has become an important subject to resolve the problem of funds provided for the elderly. China's social endowment insurance systems are still not yet effective, the funds provided for the elderly are in great shortage, so it appears the phenomenon of social "aging before prosperity", under these conditions, reverse mortgage, a new business from overseas, is emerging silently in some developed cities such as Beijing and shanghai. As an important supplement of social endowment systems, reverse mortgage meets the need of finding a new endowment way for the aged of the whole society.The important reason why the writer is thinking about to write this articles, is that the possibilities of reverse mortgage growing up in China's current legal conditions, which is almost different from the legal and economic surroundings of the west countries. Starting with the current situations of China's endowment systems, this articles are discussing the reality and necessary of opening the reverse mortgage business, and after taking a series of comparison and analysis with our current collateral system, and mortgage system, as well as the mortgage in English and American laws, it concludes that the logically legal basics of reverse mortgage is the security transfer system. It's also talking about the development of the security transfer in today's China, and suggesting that the non-typical guarantee systems should be allowed in the laws of guarantee.The ultimate purpose is to normalize the reverse mortgage business through studying its legal basics, and improve the life of the aged and meanwhile better protect their rights and interests, promote the development and harmony of the society.