Roc documentation
Querist : Anonymous
Both form 8 contains total value of loan(tem loan +Cc.
Is it correct bcoz i feel filing of both means creating double charge for same amount??
thank you
If the amount is same and terms and conditions are same then the only one form is required to be submit and give the details of security against the loan amount.
Regards
Querist : Anonymous
can i file only one form 8 by attaching memorandum of entry and extention of equitable mortgage containing whole loan amount?
One form 8 is enough and the loan is extending the CC limit, thus you can modify the charge from the existing limit to current limit with referring the present charge ID for the loan.
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