Banking · Documentation and Registration
Assess the following statements regarding the documentation and registration of documents for a home loan in India: Statement A: A Mortgage by Deposit of Title Deeds (Equitable Mortgage) is only valid in those towns/cities specifically notified by the respective State Governments in India. Statement B: The sale agreement between the buyer and the seller is a primary security document required for establishing the final legal charge against the property.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither Statement A nor Statement B is correct.
- 2Both Statement A and Statement B are correct.
- 3Only Statement B is correct.
- 4Only Statement A is correct.✓
Correct answer
Only Statement A is correct.
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