To secure its priority interest and prevent home loan frauds, which crucial statutory step must a bank take immediately after completing the documentation and creating a mortgage for a property loan?

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Banking · Security Interests and Registration

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Registering the security interest with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)

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Sending a copy of the loan application file to the Reserve Bank of India (RBI)

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Registering the security interest with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)

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