The sale of production quota
You can apply for the approval of the sale of a production quota at HMS. HMS must approve the sale as it affects the value of a property HMS has granted a loan for.
Example
You want to sell a milk quota.
You want to sell sheep equivalent.
Conditions
Mortgage room after the changes or reduction of mortgage has to be sufficient for the existing loan.
Application
In the case of selling a milk quota you must specify:
Total number of liters.
Number of liters sold.
Value of liters sold.
In the case of selling sheep equivalent you must specify:
Total number of sheep equivalent.
Number of sheep equivalent sold.
Value of sheep equivalent sold.
Supporting documents
The application must include:
Statement of the status of loans on previous liens.
A HMS consultant will contact you by email and request more information if needed.
Application for the sale of production quota approved
You will receive an email when the application for the sale of production quota has been accepted.
Once the documents are ready, you can collect them during opening hours at the HMS office at Borgartún 21. You can also request to have the documents sent by post if you live outside the capital region.
When the documents have been registered at the District Commissioner’s office you return them to HMS.
Application for the sale of production quota declined
If your application to sell your production quota, the decision will be sent to your digital mailbox on island.is. If new documents or information become available, you may request that your case be reopened.
If you believe the decision is incorrect, you may appeal it to the Welfare Appeals Committee (Úrskurðarnefnd velferðarmála).
Service provider
Housing, construction and planning authority