Lecture 13: Difference between equitable and registered mortgage of property. 

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Dino me veej different

Feej different

Yeah it is more safer.

Sir Uttar Pradesh me rigistered mortgage me kitna expense aata hai

No such guideline.

Because.... RM is very castly as compare to EM... example wagon r is for 5 lakh and having low safety features and same mini looper is of worth 30 lakh with safety features... Still people buy wagon r 😀

Please check if it is due to any particular state law or due to the property chain not enough to create an equitable mortgage.

Ideally avoidable but it depends on internal policy of the bank.. normally third party property guarantee cases goes to senior authorities level for approval

Hi Question 1: whatever is available is kept in the bank in original for record purpose. Question 2: No advocate does not confirm that

@@AnkushJain then what's the use of reporting to cersai about charge creation?

@@art_soul_words you are right. I am just stating that I have not seen lawyer capturing about it in his title search report. Although this information is critical as u said and need to specifically captured somewhere before granting loan.

Hi vaibhavi, i am not much aware about operational disb. Part. Can you elaborate for what purpose confirmation is required and who provides this confirmation

@@AnkushJain Hi ....i required this information for my personal knowledge

Ok

Lien marking is putting up information on the property record that the bank is having charge over the property. With this, if the borrower tend to sell the property then he will not be able to do any changes in property records without noc from bank. Further since it is a public record, any buyer of the property can also verify whether the property is having charge of other bank or not. Exclusive charge means that we are having sole right/charge over the current assets in the event of default. Any recovery from sale of assets shall be used to knock off bank dues first

Any facility can be provided

Sir phir to two collateral security ho gai 1. stock -hypothecation charge 2 .equitable charge

Ok

New jamin le rhe ho? Aur uske upper Ghar bnana hai? Paisa kis purpose k liye chahiye

Jamin leye 10 saal ho Gaye ragistration bhi hai abi us par Ghar banaya hai , Paisa tractor or kheti ki liye chahiye. ,,,,please reply 🙏🙏🙏🙏

Hi, I am not able to check the actual meaning of it. Somewhere it is written that simple mortgage and equitable mortgage are same while somewhere it is written that registered mortgage and simple mortgage are same. However considering that equitable mortgage is simpler as compared to registered , i think simple mortgage is another name of equitable mortgage only

Yeah, depends on area to area

@@AnkushJain okkk... Main Rajasthan se hu Jaipur city se to yaha jab koi JDA alloted property hoti hai to waha equitable mortgage lagta hai and Jo rural areas hai jaise phulera, Dausa and many more waha Registered mortgage lagta hai. Got it sir thank you 👍👍

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Sir I work in semi urban area, during my audit the auditor has commented on many loans that EC is not obtained,even for housing loans……whereas EQM is sufficient to possess our banks charge…..kindly comment @AnkushJain

That I am not sure about. You have to ask from local lawyer

@@AnkushJain Property registration charge in UP in 2023 Now, the registration fee is calculated as 1% of the sale consideration. This means that if the sale deed is being registered for a property valued at Rs 50 lakhs, the buyer should set aside Rs 50,000 as the registration charge.19-Apr-2023

RM is costly which is why EM is done

@@AnkushJain thode se cost ki wajah se ham risk kyo le sir wese bhi wo to customer bear karta hai..bank ko to apna safe side le ke chalna chahiye na?

Hi shahrukh, cost is high in registered mortgage further equitable mortgage is easy and quick process. Bank do all safeguard all its interest in equitable mortgage also 👍