Banking · Legal Aspects

Which of the following statements correctly describes a simple registered mortgage under Indian law? Statement 1: In a simple registered mortgage, possession of the property is delivered to the mortgagee. Statement 2: The mortgagor binds himself personally to pay the mortgage money and agrees that the property may be sold to cover the debt. Statement 3: A simple registered mortgage requires the mortgage deed to be registered with the concerned Sub-Registrar within four months from the date of execution. Statement 4: A simple registered mortgage allows the mortgagee to sell the mortgaged property directly without the intervention of the court.