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ramgopalpadala (Document Writer)     09 October 2014

Regarding release of title deeds

Respected Sir / Madam,

'X' person takes loan and executed Deposit of title deeds infavour of State Bank.

After executing Deposit of title deeds, one day 'X' person executed registered Will Deed of Deposited property infavour of spouse. After that 'X' person died. 

The 'X' persons spouse cleared the repayment of loan to the bank.

Now my Question is, to whom ('X' person or 'X' persons spouse), the banker will execute the reconveyance deed.

Waiting for your reply.

 

Thank you,

Ramgopal padala.



 3 Replies

V M DAHAKE (PROPRIETOR)     10 October 2014

Bank can release in favour of person's spouse subject to its satisfaction of her claim. Bank would insist for usual procedure viz. Probate, indemnity, advertisement etc.

ramgopalpadala (Document Writer)     10 October 2014

Thank you V M DAHAKE sir for your reply.

ramgopalpadala (Document Writer)     10 October 2014

Thank you V M DAHAKE sir for your reply.

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