roya
Also called: roya sertifikat
The process of removing the mortgage right on a certificate after the KPR is paid off.
What it means
Roya is the deletion or removal of the record of hak tanggungan on a land certificate after the debt is declared paid off. The process is carried out at the land office by bringing proof of settlement and supporting documents from the bank. After roya, the certificate is clean again from the collateral burden. Without roya, the property is administratively still recorded as encumbered.
Why it matters for families
Roya is the closing step that is often forgotten after the credit is paid off. If it is not handled, the family may have difficulty selling or pledging the property because its status is still encumbered. The cost and time of handling need to be included in the budget; do not assume it is automatically finished once the last installment is paid.
Example
For example, a family pays off their home credit earlier than scheduled. After receiving the settlement certificate and documents from the bank, handle the roya at the local land office. Keep the roya proof together with the certificate so it is not lost when needed.
Common misunderstanding
Many people think the certificate is automatically clean after the last installment. The correction: the hak tanggungan status is only removed after the roya process is completed and recorded.