Legal Question in Banking Law in India

Re: Equitable mortgage

Just by not mentioning the fact that the document is an equitable mortagage in the recital will not render the mortgage invalid.

Re: Equitable mortgage

We think that we can help you to solve your affairs forthwith, please send us your documents or write an detailed e-mail in order to notify the circumstance. We checked over the documents thereafter, we will return your added phone number,e-mail or address,as soon as.

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Re: Equitable mortgage

HELLO

GOOD EVENING

In your case if the mortgage is properly checked and verified and supported with all the documents then the EM is valid.

Report the authorities of the same.

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IF ANY FURTHER QUERY MAIL ME.

Re: Equitable mortgage

Recording of recital is not necessary. That was the practice of Banks to record recital to avoid incidence of stamp duty if the document were to be signed by mortgagor.Letter of confirmation of deposit of title deeds is good enough to prove the creation of mortgage.

Re: Equitable mortgage

If backed by proper consideration and supporting documentation, the "equitable mortgage" may still be valid; you may inform the authorities to make a note of the 'mortgage' in record-of-rights register.