What is Collateral?
Who is a Debtor?
A person is a debtor only if the person's debt is secured with some (personal) movable property, which the person has rights on the collateral.
Who is Public Users?
A person or an organization which is a registered secured party (private money lenders), who has debtors registered with them.
Integrated Collateral Management System( iCoMS)
The Royal Monetary Authority of Bhutan in collaboration with National Land Commission Secretariat (NLCS) has revamped and upgraded existing collateral system (CRST and LMS) into single integrated collateral system known as Integrated Collateral Management System (iCoMS) to handle both movable and immovable property collateral management.
Now, public can search their own certified report for both movable and immovable properties by following steps given below:
1. Click on Integrated Collateral Management System (iCoMS
2. Click on "Public Search" option on Home Page
3. Fill in the required details and proceed with payment
4. Generate the Certified Search Report
**Note: Before making the payment, ensure that all the details entered are accurate. If the report indicates any registered security against the property, please contact the respective bank for further information.
News and Announcement View All
Operation of Central Registry
11/May/2018
The information pertaining to any moveable collateral pledged with any of the financial institutions like mortgages and other security interest in moveable property are available with the CR office. The hypothecation of the vehicles will also be monitored by the Central Registry office;
- RSTA has stopped the hypothecation of vehicles therefore there won't be hypothecation seal on the vehicle registration book henceforth.
- All transfer/change of ownership or cancellation of hypothecation of vehicle must obtain â??Certified Search Reportâ?? from CR office or their respective Financial Institution and the RSTA will make the â??Certified Search Reportâ?? a mandatory document.
The secured transaction registry also provides notice to potential lenders of credit of all the debtorâ??s prior security interests in moveable property.
We would also like to inform the general public to obtain a ''Certified Search Report" from the CR office prior to any transaction on second-hand movable property.
Launch of Central Registry
11/May/2018
Bhutan's first Central Registry was launched on 9th August 2013 by the Honorable Governor of Royal Monetary Authority of Bhutan.
Central Registry is a unit under the Royal Monetary Authority of Bhutan established with the executive directive from Royal Government of Bhutan in accordance with Part VI of Movable and Immovable Property Act of Kingdom of Bhutan, 1999. Central Registry will act as a centralized repository for all security interest in movable property.
The Registry became fully operational from 1st July 2014 and will undergo several development phases.
31/December/2025
Bhutan's first Central Registry was launched on 9th August 2013 by the Honorable Governor of Royal Monetary Authority of Bhutan.
Central Registry is a unit under the Royal Monetary Authority of Bhutan established with the executive directive from Royal Government of Bhutan in accordance with Part VI of Movable and Immovable Property Act of Kingdom of Bhutan, 1999. Central Registry will act as a centralized repository for all security interest in movable property.
The Registry became fully operational from 1st July 2014 and will undergo several development phases.