Today, banks can direct individuals who want to use loans to various insurance products. Thanks to this application, which includes the right of the delegate, not only the rights of the creditor are protected, but also, when necessary, some liabilities that can be put forward against the legal heirs of the person withdrawing the loan are prevented. If you have never encountered the concept of the dainty apostate before, you can read the rest of this article to get detailed information about the definition of this concept and why it was done.
What Is The Daini Mürtehin Word Meaning?
One of the concepts that is widely used in the insurance industry, daini mürtehin means "Pledge creditor". In more general terms, this concept is used to refer to a monetary right established on a property to provide security against receivables. In this way, when there is a risk to the receivable, the risk of financial loss for the financing party is eliminated.
The supporter's right comes into question in life insurance policies that are cut in order to reduce the risk in loans provided by banks. For example, if the person withdrawing the loan and insured dies before the payment process is completed, the bank can benefit from the coverage specified in the policy in return for the receivable by using the right of the payee.
You may also encounter the concept of Daini Mürteh when you want to take out a vehicle loan. Some banks prefer to preserve the right to convert the property into money when necessary by requiring motor vehicle insurance for loans for motor vehicles.
Why Made Daini Mürteh?
The creditor party secures itself with the daini apostate application. When you buy a car with a vehicle loan and have insurance, the bank where you have loan debt is defined as the dictator in the motor own damage policy. In this way, when an unfavorable situation occurs, the insurance company makes a payment to the financial institution.
The creditor protects the rights and interests he has over the property with the defendant in case of financial damage. In cases where risks occur, the insurance company can make the payment to the perpetrator.
Daini mürtehin can be found not only in motor own damage insurance but also in home insurance. When the person applies for home insurance, if the bank attendant appears as a defendant in the life contract made, the insured's family may not have to pay to the bank in case of death or a similar situation. In such a case, the insurance company can pay the loan debt to the bank.
In some cases, the amount payable by the insurance company to the bank in the position of the perpetrator may be higher than the loan debt. When such a situation is encountered, the bank informs the legal heirs about the issue. The excess amount is distributed to the right holders in equal proportions, if there is no share declaration.
How to Remove Daini Mürtehin?
In order to remove the annotation of the deputy on the vehicle purchased using credit, it is obligatory to pay the entire debt to the bank. After paying the last installment in your repayment plan, the transactions you need to do to terminate the pledge status differ depending on the date you withdraw the loan.
If you took out the vehicle loan before January 2011, this means that your vehicle was pledged with the old system. In cases that are subject to the old system, you must first apply to the branch of the bank where you took your credit with you. In the next step, you should receive a letter from the notary public directed by the bank regarding the pledge removal process. With the given document, you can go to the nearest traffic registration branch office and have the pledge removal process entered into your license.
If you received your loan after January 2011, you can complete the pledge removal process in a much more practical way. Because it is sufficient to apply to the relevant bank branch for valid credits as of that date. In order to check that the pledge status has been removed, you can visit the "Vehicle Inquiry for Registration" page on the E-Devlet portal.