LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Samueallss (abc)     14 December 2010

Cost of Release Deed for Mortgage deed of loan

Who is responsible for Realese deed of a registered mortage deed in case a loan is full repaid.  Is it bank's responsibility or individual who has taken a loan?

What should be the cost for this deed (inclusive of Lawyer's fees in maharashtra) and who should bear the same.

Please suggest



 3 Replies

Uma parameswaran (lawyer)     14 December 2010

After paid back the debt amount the principal debtor have the right to get back his deed. No payment needed for that.

Bharatkumar (ADVOCATE )     15 December 2010

It's  bank's responsibility.

bhagwat patil (Property due diligence 9422773303)     10 March 2011

ethically its banks responsibility ,as far cost is concern the practice is borrower bear it .bank officer only come to present the document to the registrar and sign it, in maharastra cost is mush less for release deed so nobody raises this que,and the borrower is always in hurrey to get property relaesed.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register