Legal Question in Banking Law in India
Mortgage
Can a certified copy of title dees creat a valid mortgage for equtable mortgage in Bank.
5 Answers from Attorneys
Re: Mortgage
Information not sufficient. Please ask your question providing more information.
Re: Mortgage
If the original is proved to have been irretrievably lost e.g.by floods, fire etc., and if the certified copy is the first one after the loss of the original title deed, it is possible to create a mortgage by deposit of that copy. It all depends upon proof of loss of the original and the copy being the first one obtained and held as the title deed after the loss of the original
Re: Mortgage
Equitable Mortgage can only be created upon deposit of original title deed. Certified copy of the title deed is not treated as title deed unless sufficient proof, which is police report in Pakistan, is produced to the satisfaction of banker.
Related Questions & Answers
-
Bank if i have a international certified bank draft then how can i transfer to... Asked 3/24/08, 11:41 am in India Banking Law
-
Purchasing property I am purchasing a property from a party who has only the power... Asked 3/20/08, 2:05 pm in India Banking Law
-
Winding up petition What is winding up petition? At what situation this petition is... Asked 3/19/08, 12:22 pm in India Banking Law
-
Surfasei act 2002 We have purchase industrial land and building under the surfesai... Asked 3/19/08, 12:44 am in India Banking Law
-
Undated cheque (new question) Thanks for your reply but why have they not returned... Asked 3/17/08, 12:58 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
