The Liberia Collateral Registry

The Liberia Collateral Registry A public web-based database that contains information on security interests (credits secured with movable assets)

The Secured Transaction and Collateral Registry is an electronic public database that contains information on security interests on movable assets and the secured parties’ priorities. It will be maintained and managed by the Central Bank of Liberia (CBL). The Registry is for all types of financial transactions secured by movable assets. The Collateral Registry’s main purpose is to ensure /induce t

ransparency to the Liberian’s credit system by: (i) providing publicity that a security interest may exist in an identified collateral and (ii) establishing priority of secured parties by day and time of registration. The Registry provides for searches to be conducted on its database so that a secured party can find out if there is/are prior security interest/s in the properties offered by any debtor/s as collateral for a loan. The Secured Transaction and Collateral Registry will encourage access to finance through the use of movable assets and will bring transparency to the credit system. Enforcement:
In the event of default (the debtor does not repay a loan), the secured party has the right to enforce their security interest in the collateral. In enforcing, the secured party will use legal remedies that include either taking possession of the pledged collateral, disposing of the collateral through a sale and keeping some or all of the proceeds depending on the amount of security interest or may also choose to apply to the court to authorize enforcement. The law allows the secured party to proceed extra-judicially without having to obtain a court order before repossessing the collateral. The Secured Transactions and Collateral Registry has its legal backing from Chapter 5 of the Liberia Commercial Code of 2010 and The Secured Transactions and Collateral Registry Regulations issued by the CBL in 2013.

LISTEN TO THIS!
20/08/2014

LISTEN TO THIS!

A jingle for the Liberia Collateral Registry. Did you know that you can now use your movable assets to secure a loan for your business?

10/08/2014
DID YOU KNOW THAT YOU CAN NOW USE YOUR MOVABLE ASSETS TO SECURE A LOAN?
07/08/2014

DID YOU KNOW THAT YOU CAN NOW USE YOUR MOVABLE ASSETS TO SECURE A LOAN?

26/07/2014
WHAT KINDS OF MOVEABLE ASSETS CAN YOU USE TO SECURE A LOAN?
09/07/2014

WHAT KINDS OF MOVEABLE ASSETS CAN YOU USE TO SECURE A LOAN?

Did you know that you can now use your moveable assets as collateral?
04/07/2014

Did you know that you can now use your moveable assets as collateral?

With the new web-based collateral registry, you can secure a loan to start or expand your business. What are you still w...
02/07/2014

With the new web-based collateral registry, you can secure a loan to start or expand your business. What are you still waiting for? Register now @ www.registry.cbl.org.lr and enjoy the benefits.

Tell your friends, neighbors and loved ones that there is a new Web-based Collateral Registry. Log on today to www.regis...
01/07/2014

Tell your friends, neighbors and loved ones that there is a new Web-based Collateral Registry. Log on today to www.registry.cbl.org.lr. This could help you secure a loan to start or expand your business.

The Liberia Collateral Registry is an initiative of the Central Bank of Liberia (with the support of IFC) to improve access to finance particularly for MSMEs. The Collateral Registry, which operationalizes Chapter 5 of the Liberia Commercial Code of 2010 (Secured Transactions Law) establishes a web…

OUR LAUNCH EVENT WAS A HUGE SUCCESS! THE COLLATERAL REGISTRY IS NOW AVAILABLE TO EVERYONE.
23/06/2014

OUR LAUNCH EVENT WAS A HUGE SUCCESS! THE COLLATERAL REGISTRY IS NOW AVAILABLE TO EVERYONE.

Address

Carey & Warren Street
Monrovia
1000

Telephone

0555960553

Website

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