What is the trust certificate? Law in Guatemala

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A certificate It is a document that serves to validate important information or to rename something, but of all those that exist, it will only explain what the document consists of. trust certificateeverything related to this document can be found here

What is?

The fiduciary certificate is a title of credit which must be done thanks to the trust, all in order to comply with Article 609 of the Guatemalan Commercial Code

Another thing that can be known about this document is that it is always incorporated into the literal and anonymous rights of commercial assets, which are transferred independently.

Fiduciary is the transfer of an asset to a person, who for a time will have rights over it, complying with certain conditions..

The trust certificate It also explains the rights that you have in the trusts, which are based on the property titles on the real estate.

What is the purpose of issuing this certificate?

The objective of issuing this type of document is that the credits, which are made related to property or real estate, remain on paper, so that in this way everything related to the temporary transfer of property and real estate is left in writing, thus avoiding legal issues.

Who should do it?

The remaining person must carry out this type of document are those that are going to carry out transactions with real estate independentlywithout the need for another person or company to participate in the purchase of the good.

The document to be legal must be issued by the authorities that allow fiduciary activities triggered trustwhich are the banks that are the trustee in these procedures.


The why of trust certificate is that people have to have something that validates independent activities, which are carried out when it has to do with goods and real estate. In this way, you already have the support of these fiduciary movements, which is usually the temporary transfer of assets to other people.


The requirements to obtain the trust certificate are the following:

  • That the properties are legal.
  • The products or goods cannot be fake.
  • Property invoice.
  • The main thing is the property title of the goods.


The format that shows trust certificate the following information can be seen:

  • The data that appears the constitution of the trust and the creation of the certificate itself.
  • The description of the product belonging to the trust.
  • The rights that the owner of the document has, indicating how they should exercise it.
  • Signature of the trustee and of the administrative authority that participates in the preparation.
  • Payment endorsement is also required.

Steps to follow

The steps to process the trust certificate are the following:

  1. Go to the agency of any bank to request the certificate.
  2. Indicate the reason why you are visiting the bank agency.
  3. Follow the instructions of the bank agency staff.
  4. Wait for the bank agents to tell you when the certificate will be delivered.


The benefits that are acquired by having a fiduciary certificate are the following:

  • Proportional right on products linked to trust assets.
  • Being able to proportionally enjoy the assets that were transferred, you can also set a price for them in case you want to sell it.
  • Lastly, having the right to the good according to the way in which you have it.

Trust Certificate Types

there are several certificates which will be explained below, so in this way you know what the certificate that must be processed according to the condition of the good:

Nominee trust certificate

This type of certificate It is for the name to appear both in the creator registry and in the title deed of the property.

People who process this type of document must keep a record of who owns it. With this type of certificate you can change the name of the owners if necessary, for them you need the endorsement, the title and the registration of the change.

Bearer fiduciary certificate

This type of document is not to favor any person, it is only a certificate with which you can do simple procedures and it can pass from hand to hand. In a few words, it is a certificate that any authorized person can have and have the rights this document grants.

The bearer of this document has the same rights as if it were the original owner, which guarantees the same certificate. With this type of certificate, the bank, as the trustee, has control and records the owners of the assets that support this type of document.

Ordinary trust certificate

They are ordinary because only the information of the asset that is being supported and the date of issuance of the document are shown.

Real Estate Trust Certificate

This type of certificate is more specific of all, where it arises of course the type of asset that is being supported, the institution that issues it, the benefits and rights that the owner has, the scope and modalities that this type of document can cover at the time it was constituted.

It is one of the fiduciary documents in which its function is specified. trust certificate.

redeemable certificate

It is certificate specifies that the bearer is entitled to the fruits or yields granted by the trust assetsat the same time is entitled to reimbursement of the nominal value of the titles.

With this type of document, a period of enjoyment of the rights that can be provided can be implemented., which can be partial or for unlimited time to the person who carries it. Additionally, this document can be awarded through a lottery.

Non-amortizable Certificate

The document does not allow the obligation to reimburse the nominal value of the asset, nor does it require a stipulated time in the event that the payment is to be made.

East certificate It allows you to clearly see everything that can be done with the trust certificate, something that cannot be seen with the other certificates.

Real-estate market

It is the market that is based on the purchase and sale of land, houses, apartments and more properties that people use either to live or to work.

In this market there are several forms of payment, in addition to several documents that are required so that the owners of the properties can exercise their rights over them without any problem.

you know that he trust certificate banks are based for the purchase and sale of goods, which is not just the writing of a credit report that the bank edits for the benefit of customers. Of course this can be applied with the embargoes of the goods for non-payment.

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