Professional Documents
Culture Documents
Training Topic
Session A
Registered Mortgage
Session A
Why documentation
Comply
internal policy
& guidance
Ensure
enforceability
Comply
external
policy &
guidance
Approval
Credit facility request from
borrower
Board/ CRM approval
Unconditional accepted sanction
letter by the borrower
Pre approval checking
Approval Terms
Obey
certain
covenants
Provide
assets as
collateral
Repayment
commitment
Repayment
Guarantee
Capacity to execute contractual obligation and possess
assets by the obligor.
Legislations
for
Incorporation
Societies
Registration
Act
Cooperative
Society Act
Company
Act
Creates
Creates legal
legal entity
entity and
and may
may Sue
Sue or
or be
be
Sued.
Sued.
Borrowing Power
Regulation
Board resolution covering object clause of the borrower with amount &
Undertaking, if necessary
Title Deed (Equitable mortgage)
Possession Deed
Rental Deed
Auxiliary Documents
Letter of personal
guarantee
Personal Guarantee
Corporate Guarantee
Hypothecation
Fixed Assets
Capital assets
Floating Assets
Assets in cycle
Fixed Charge
Over specifc assets
Floating Charge
Over certain type of assets
Hypothecation
Hypothecation
Modification
Charge Creation
RJSC
Registratio
n of Charge
Ranking of
Charges
Charge filing with RJSC within 21 days of execution
Security Cheque
Insurance
Lien authority
Letter of lien & authority for
encashment 1st or 3rd party
Lien over BBL FDR
Pledge over FDR with other Banks
Security takeover
Mortgage & FDR
Disburse takeover
portion of the loan
Balance confrmation
Loan Takeover