bank audit
This query is : Resolved
DAVINDER PAL SINGH
(Querist)
05 January 2011
what is the difference between equitable mortgage and registered mortgage ?
Balakrishnan
(Expert)
06 January 2011
equitable mortgage is deposit of original title deeds and other relevent documents with the bank and merely such deposit is recorded in registration office for a nominal charge.
registered mortgage is a direct charge on the property and a seperate deed executed
in the registration office for a higher registration charge.
registered mortgage is a direct charge on the property and a seperate deed executed
in the registration office for a higher registration charge.
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