Banking · Loan Appraisal and Fraud Prevention
During loan appraisal procedures, if a loan officer suspects that the property title deeds submitted by an applicant might be forged, what is the most reliable method for the bank to verify authenticity and mitigate the risk of home loan fraud at the pre-sanction stage?
- 1Relying solely on original municipal tax receipts submitted by the applicant
- 2Obtaining a Title Investigation Report (TIR) from an empanelled advocate and physically verifying records with the Sub-Registrar's Office✓
- 3Requesting the sourcing agent to provide a personal guarantee for the title's authenticity
- 4Verifying the seller's signature against their personal bank account records
Correct answer
Obtaining a Title Investigation Report (TIR) from an empanelled advocate and physically verifying records with the Sub-Registrar's Office
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Banking?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Loan Appraisal and Fraud Prevention?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Banking · Loan Appraisal and Fraud Prevention