REGISTERED MORTGAGE

Querist : Anonymous (Querist) 14 May 2011 This query is : Resolved
Recently I applied for EC for my parental house. On the EC I find two loan entries against the property some 50 years ago. I checked up with my mother who says it is true that my late father had borrowed money against this property but had repaid the entire loan with interest and the original documents were released from that institute only after settlement of the dues. Yes, the original documents are with us.

Is it required that I ask that financier to cancel the registration at the registrar office so that EC will reflect nullification of the loan? Will the institute do that now that so my decades has lapsed ? what are the remedies? Please suggest.

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A V Vishal (Expert) 14 May 2011
Approach the financial institution and request a NOC and also a cancellation deed for the mortgage and they will do the needful.

adv. rajeev ( rajoo ) (Expert) 14 May 2011
request the finance to issue no due certificate and mortgage cancellation letter.

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