RENUGA DEVI (advocate) 11 July 2008
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?
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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