Entry of Title Retention in the Pledge Register
The latest amendments to the Law on Pledge of Movable Property and Rights Registered in Register provide the possibility of registering title retention from the agreement on sale of movable property in the Register of Pledges on Movable Property and Rights, kept by the Serbian Business Registers Agency (hereinafter: The Pledge Register). The Pledge Register is a public register of pledge rights to the property of natural and legal persons, which presents a centralized and integrated database. Since recently, more precisely, since January 1st, 2021, there is a possibility of registering title retention from the agreement on sale of movable property for the purpose of securing the vendor’s claim until the payment of the price is made in full. The registration of this Agreement in the Pledge Register serves as a security instrument.
Key words: title retention, contract of sale, entry in register