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: 

Demonstrate knowledge and understanding of the bond registration process 
SAQA US ID UNIT STANDARD TITLE
13420  Demonstrate knowledge and understanding of the bond registration process 
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 
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 intended for all learners in the field of mortgage finance as it provides an introduction to the application of concepts, terms, and legislation relevant to the registration process in the context of mortgage finance.

Persons credited with this unit standard will be able to demonstrate knowledge and understanding of the overall process of bond registration, explain the role of attorneys in the registration process, the Deeds Office, the role of the financier/ bank and the outcomes of the registration process. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
There is open access to this unit standard. Learners should be competent in Communication at level 3. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge and understanding of the overall process of bond registration 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The reason why bond registration is necessary is explained according to the legal and financial requirements. 

ASSESSMENT CRITERION 2 
2. The overall process of achieving bond registration is detailed according to the generally accepted practice in the banking industry. 

ASSESSMENT CRITERION 3 
3. The parties involved in the process are detailed according to legal requirements for bond registration. 

ASSESSMENT CRITERION 4 
4. The timing of the process is explained according to ideal and generally accepted practice and legal requirements. 
ASSESSMENT CRITERION RANGE 
Sectional title and property developments.
 

ASSESSMENT CRITERION 5 
5. The costs incurred to during the registration process are specified according to generally accepted legal and financial practice. 

ASSESSMENT CRITERION 6 
6. The financial impact of delays in registration is explained according to the effect on the parties. 

SPECIFIC OUTCOME 2 
Explain the role of attorneys in the registration 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The different attorney's involved in the process are identified according to the legal requirements and general practice. 

ASSESSMENT CRITERION 2 
2. The role of the attorney's are distinguished from each other and their specific functions explained according to the legal requirements and process and general practice. 
ASSESSMENT CRITERION RANGE 
Transfer attorney, cancellation attorney, registration attorney, conveyancing attorney. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 3 
3. The process followed by the attorneys is explained according to the legal requirements and generally accepted practice. 

ASSESSMENT CRITERION 4 
4. The documentation involved in achieving the registration of a bond is specified according to the legal requirements and generally accepted practice. 

SPECIFIC OUTCOME 3 
Explain the role of the deeds office in the registration process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The role of the Deeds Office is identified and explained according the legislative regulations. 

ASSESSMENT CRITERION 2 
2. The need for the Deeds Office is explained according to the legislative requirements. 

ASSESSMENT CRITERION 3 
3. The specific functions performed by the Deeds Office are explained according to the legislative requirements. 

ASSESSMENT CRITERION 4 
4. The actual process of registration in Deeds Office is explained according to the legislative requirements and actual practice. 

ASSESSMENT CRITERION 5 
5. The documents produced by the process are specified according to the legislative requirements. 

SPECIFIC OUTCOME 4 
Explain the role of the financier/bank in the registration process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The role played by the bank/financier in the registration process is explained according to actual practice in line with the banks policy and procedure. 

ASSESSMENT CRITERION 2 
2. The motivation for the bank being involved in the registration process is explained according to actual practice and in line with the banks policy and procedure. 

ASSESSMENT CRITERION 3 
3. The timing and nature of the banks involvement is specified according to actual practice in line with the banks policy and procedure. 

ASSESSMENT CRITERION 4 
4. The responsibility for documentation is explained according to actual practice in line with the banks policy and procedure. 

SPECIFIC OUTCOME 5 
Explain the outcomes of the registration process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The goals of the registration process are defined according to the outcomes of a successfully completed process. 

ASSESSMENT CRITERION 2 
2. The legal documentation that regulates the relationships between the parties is identified according to the legal requirements and generally accepted banking practice. 

ASSESSMENT CRITERION 3 
3. The nature of the new relationships formed between the parties is explained according to the legal agreements in place. 

ASSESSMENT CRITERION 4 
4. The basic rights and obligations of the parties are specified according to the terms and conditions of the agreements in place. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1 Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2 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.
3 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 that is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
The knowledge acquired in this standard relates to an understanding of the different roles of the parties to the registration process. This knowledge allows the learner to understand exactly what the bank is and what it is not responsible for as well as what factors in the process are under its control and those that are not. The criteria against which this knowledge is evaluated are expressed in the standard. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
N/A 

UNIT STANDARD LINKAGES 
N/A 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO COLLECTING 
In this standard the learner demonstrates the ability:
  • to collect, organise and critically evaluate information when the nature of the new relationships formed between the parties is explained according to the legal agreements in place.
  • to collect, organise and critically evaluate information when the basic rights and obligations of the parties are specified according to the terms and conditions of the agreements in place. 

  • UNIT STANDARD CCFO CONTRIBUTING 
    In this standard the learner demonstrates the ability to understand the relationship between delays in registration and the effect on the parties to the registration process in terms of the potential financial impact. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

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

    UNIT STANDARD NOTES 
    Additional information:

    Legal requirements:

    All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task. 

    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 
    Elective  59097   Further Education and Training Certificate: Real Estate  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 


    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. Abantu Sikhona Trading and Projects (Pvt) Ltd 
    2. ABM Real Estate and Auctioneers 
    3. Absa Learning & Development 
    4. ACADEMY FOR MASTER AGENTS 
    5. Advanced Assessments and Training 
    6. Africa Glory Empowerment Services 
    7. AFS Workshop 
    8. Aldes Training Academy 
    9. ANSEAT AFRICA PTY 
    10. Azania Currency and Equity Markets 
    11. Bakone Itireleng Trading Enterprises 
    12. BATLAGAE ETD CONSULTANCY 
    13. BDCE 
    14. Bidvest Bank 
    15. Business and Auction Academy 
    16. Cailey Ann Human Capital Consulting 
    17. Campion Business School 
    18. Chartall Business College 
    19. Civilkox Trading Enterprise (Pty) Ltd 
    20. Compuscan Academy 
    21. Cornerstone Performance Solutions (Pty) Ltd 
    22. DC Dali Debt Counsellors 
    23. Delmas Development Centre 
    24. Dishome Consulting 
    25. DONALD INVESTMENTS AND PROJECTS PTY LTD 
    26. ESI Academy 
    27. Euro Blitz 
    28. Felix Risk Training Consultants 
    29. Global Star Trading 
    30. Harambe Trading Enterprise Pty Ltd 
    31. Highrise Business Academy 
    32. HYDE PARK BUSINESS SCHOOL HPBS 
    33. I CARE RESOURCE CENTRE 
    34. Ikhwezi Management and Training Institute 
    35. ILUBALETHU PROJECTS 
    36. ISIKOLO School of Learning 
    37. Itakane RPL Assessment Centre 
    38. J and R Accountants (PTY) LTD 
    39. Johnson'S Promotions 
    40. JOSHILA DESAI INSTITUTE 
    41. JUBILEE SKILLS ACADEMY 
    42. Kefen Property Group 
    43. Khanyisa Technical Institute 
    44. Khavhatondiwe Academy 
    45. Kululeko Consulting 
    46. LETHATSI 
    47. M28 Consulting and Training 
    48. Mabele NKL Holdings Investments 
    49. MAITE BUSINESS CONSULTING AND TRAINING AGENCY 
    50. Mavone Investments (PTY) Ltd 
    51. Mcanyi Group 
    52. MENCHO BUSINESS DEV PTY LTD 
    53. Meraki Property Solutions 
    54. MUMA INVESTMENTS PTY LTD 
    55. N and C Civils 
    56. Nedbank Ltd 
    57. NUEMANN VAN ROOYEN INC 
    58. Octopus Training Solutions 
    59. Ogni Cosa Trading Enterprise 
    60. Piquant Trading 
    61. Prodigy Business Services 
    62. Prospect Plus 
    63. PTS College 
    64. Rasinkhu Investments 
    65. RE/MAX Southern Africa and RE/MAX Global Learning Centre for Southern Africa (GLC) 
    66. ROYAL HOMES REAL ESTATE ACADEMY PTY LTD 
    67. RRK Training 
    68. SARDONIX PROPERTIES AND INVESTMENTS 
    69. Seshni Consulting 
    70. SFM CONSULTANTS PTY LTD 
    71. Shirs Vision Compleadev 
    72. Skills Development Professionals Pty Ltd 
    73. SOMANDLA ENTREPRENEURSHIP ACADEMY 
    74. Standard Bank Personal and Business Banking 
    75. T Monarchy Group 
    76. Takusani Group 
    77. THABANGOFE LE JOY TRADING ENTERPRISE 
    78. The Facilitation Workshop 
    79. Threshold Advance Training 
    80. Timothy Lloyd Global Transformation Concepts 
    81. TMT Training Institute 
    82. Trainers without Borders 
    83. Training and Progression House 
    84. TRUE REAL ESTATE COLLEGE 
    85. Tseleka Trading Enterprise (Pty) Ltd 
    86. UCS Education and Training Services (Pty) Ltd 
    87. Uniko Development and Training Projects 
    88. URBANITE ENTERPRISES PTY LTD 
    89. VRV SINGH ENTERPRISES LTD 
    90. Welltec Academy (Pty) LTD 
    91. Xoliswa Tini Training Academy 



    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.