Mortgage deed

Advocate M J (Querist) 15 May 2015 This query is : Resolved
Good Afternoon
Is a mortgage deed with registration is important to be entered between the borrower and the financial institution according to RBI and according to law
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ADV-JEEVAN PATIL, MUMBAI (Expert) 15 May 2015
Yes when u raises loan on property

Rajendra K Goyal (Expert) 16 May 2015
Equitable mortgage is generally preferred which does not require registration.

T. Kalaiselvan, Advocate (Expert) 17 May 2015
An equitable mortgage can also be preferred if the NBFC has agreed terms printed on its loan agenda that way.

malipeddi jaggarao (Expert) 19 May 2015
Give full facts to get a better advice. Basing on the contents of the query, it is not required as there is another way for Financial institutions to create Mortgage viz., Equitable Mortgage which is on par with the registered mortgage.

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