Current Affairs · Banking Laws and CERSAI Regulations
Consider the following statements regarding CERSAI registration and security interests: Statement I: Registration of a security interest with CERSAI must be completed within 30 days of creation to maintain priority over subsequent creditors. Statement II: Non-registration renders a mortgage void in civil court. Statement III: Under the SARFAESI Act, a secured creditor cannot exercise enforcement powers under Section 13 unless registered with CERSAI. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I and III✓
- 2Only II
- 3Only II and III
- 4Only I and II
Correct answer
Only I and III
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