How do I register with the Registry? (How do I get passcode?)
To register, visit www.mpcr.cbar.az, and select the Registration menu in the upper right corner of the web-site, and enter the required details in the fields provided. Individuals and Legal Entities (authorized representatives of legal entities) are eligible for registration. Registration is free.
I registered but can't access my virtual account?
Once you have registered, the information you've entered will be verified, and a login and passcode will be sent to your e-mail. You will be able to access your virtual account when you get these details. It could take up to a few minutes.
Where can I view the Registry’s instruction clips?
At www.mpcr.cbar.az, videos are available in the User Guidance sub-menu in the Guidance menu.
Are banks going to be integrated?
Yes, currently underway.
What is the priority right referred to in the Law? How do I get a priority right?
Disclosure of encumbrance to third parties under Article 5.3 of the Movable Asset Encumbrances Law affects the priority order of claims in accordance with Chapter 3 of the Law. That is, the person to file the notice of encumbrance first will have a priority right (precedence) over the other claimants (except as otherwise provided in the law).
Can I file a notice for a verbal arrangement?
Yes, you can. However, the parties will need to sign a contract within 30 calendar days. Otherwise the notice of encumbrance will be automatically removed.
Does the Registry accept notices of encumbrance of vehicles?
No. The Law excludes the movable assets registered with the official movable asset registries and securities requiring state registration from the list of eligible objects of encumbrance.
Can I register an item (asset) that is the subject of an encumbrance agreement and does not have several distinguishing features? If yes, how?
Yes, you can. But you have to provide as much detail and distinguishing features as possible in the description part.