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RENUGA DEVI (advocate)     11 July 2008

colletral security

what are all the Essential elements or  contents of the  memorandum of understanding with regard to colletral security? the property is worth about 1 crore. whether there  is a necessity of registration of MOU? if yes ,whether it reflects in Encumberance certificate?

what is the safety measures for the party who kept his proeprty for mortgage for another man's benefit?



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 2 Replies

Guest (n/a)     12 July 2008

Your querry actually mising a lot of information as far as legal reply to the same is oncerned.


But for a laymen the ifcollateral Security is to be submitted the MOu is is necessary


And for the detailed reply you can refind your querry by supplying the following information : The Collateral Security is to be submitted with the Financial Institution or for the provate purpose.


The person ofered the colateral Sexcurity is the Individual or Company


The detals of the Title documetns of the Security.

RENUGA DEVI (advocate)     15 July 2008

the colletral security  offered by a individual and it is kept in the bank.(finanical insitution) 


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