Neeta (Finance) (345 Points)

21 April 2010  

Hello Members

Plz provide a draft resolution of creation of equitable mortgage.

the matter is the bank requires creation of a fresh equitable mortgage to cede the second charge to another bank , on the request of the company. ( the company already has a charge created with the first bank). I ain't much clear on the concept.

Please clarify and forward a draft resolution for the same.