LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


Property Document

Hello Sir / Madam, what happend if we pledged our property document and get loan and upon that document the lender takes another loan.? who else have to repay that loan amount to that third person


 2 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     05 February 2023

Through a registered deed, no one can get two loans.

Dr J C Vashista (Advocate)     06 February 2023

Whether the financier is willing to lend more loan against the mortgaged property, if charge can be created by subsequent lender ?

The question should have provided proper facts, if it is a true story.

Prima facie it is an examination hall question paper.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »

Post a Suggestion for LCI Team
Post a Legal Query