Sir,
I got a home loan from SBI and bought a apartment and deposited all title deeds as mortgage in December 2009.Now the bank wants registration of the EM. When I signed the loan agreement they did not inform me any such conditions.
Since this incurs extra money and extra time to do this, I am hesitant.
1. Is this EM registration the duty to be done by the bank or individual?
2. Is this correct to ask after 1.5 years?
3. Some other banks registering the EM themselves with the documents available/given at the time of sanctioning loan But my bank-SBI compelling me. Is it correct?
4. They are threatening to fine me heavily if not get Reg. Is it Correct?
Anybody can enlighten me, please?
Aruljothi
