Traditional Culture Encyclopedia - Traditional virtues - What does compulsory notarization mean?
What does compulsory notarization mean?
If the creditor, debtor or guarantor fails to perform or fails to fully perform the obligations stipulated in the creditor's rights document, he may apply to the people's court for compulsory execution according to law with the execution certificate issued by the notary office.
With the characteristics of convenience, economy and high efficiency, the compulsory notarization system has played an indispensable role in maintaining social credit system, maintaining transaction security and reducing the cost of realizing creditor's rights.
Conditions and scope of notarization
In 2000, the Supreme People's Court and the Ministry of Justice jointly issued the "Joint Notice on Issues Related to the Granting of Creditor's Rights Documents by Notary Agencies", which stipulated that the creditor's rights documents that can be granted for enforcement should contain the contents of giving money, goods and securities, the relationship between creditor's rights and debts is clear, the content of the gift is unquestionable, and the debtor is willing to accept the promise of enforcement.
The scope of bills for exercising creditor's rights includes: loan contract, loan contract, lease contract without property guarantee, bills for creditor's rights on credit, various IOUs, bills owed, repayment (material) agreement, payment of alimony, alimony, childcare fee, tuition fee, compensation (compensation) and other debt bills.
For the above contents, please refer to Qingdao Daily-Empowering Notarization: Fast Economy, China Court Network-the functional orientation of Empowering Notarization system in diversified dispute resolution mechanism.
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