Legal basis: Article 16 of the Administrative Measures for Personal Housing Loans of Industrial and Commercial Bank of China refers to the loan issued by the lender with the property of the borrower or a third party as collateral according to law. The following properties can be used as collateral:
(a) the mortgagor has the right to dispose of real estate and fixed objects on the ground;
(two) the right to use state-owned land obtained by the mortgagor according to law;
(3) Other properties recognized by the lender.
The following properties cannot be used as collateral:
(1) Land ownership;
(2) Property whose ownership and use right are unknown or controversial;
(3) Property that cannot be enforced or disposed of;
(4) Mortgaged property;
(5) Property that has been sealed up, detained, supervised or taken other preservation measures or compulsory measures according to law;
(six) other property that may not be mortgaged according to law.