During the documentation process of a retail home loan, a personal guarantee is executed by a guarantor as an additional security. Where must the bank register the charge for this personal guarantee to make it legally enforceable under Indian banking laws?

Question

Banking · Legal and Documentation Aspects

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

The bank is not required to register a personal guarantee in any public or central registry

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Legal and Documentation Aspects?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Banking · Legal and Documentation Aspects

Which of the following territories was annexed by Lord Dalhousie under the pretext of misgovernance, and not directly through the Doctrine of Lapse?

What was the primary stated reason for the Partition of Bengal in 1905 by Lord Curzon?

Answer 1

The Debt Recovery Tribunal (DRT)

Answer 2

The bank is not required to register a personal guarantee in any public or central registry

Answer 3

The local Sub-Registrar's Office

Answer 4

The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)

Related Practice Questions