Chain of Document for land Verification | Chain of Title | Part-1| Ep 15
Channel: Banker Learning Academy
Date: 2024-02-20

Why Chain of Title Important to Banker ?
A. From Legal Points of View :
As per Credit Policy, Bank must be taken Security (Movable & Immovable ) against Loan Sanction. Movable security eg. Goods, FG, RM as hypothecation or pledged ((primary security) .Immovable Property (landed & building) as collateral security . 

Affects of Defective Title of Mortgage Property :  
If defective title, not possible to recovery loan by Selling that security by Bank             – Section 12 of Artha Rin Ain-2003
If defective title, not possible to transfer the right to sales or title to the lender (bank) – Section 33 (5) 33( 7) of Artha Rin Ain-2003
Genuineness of land property:
Transfer the Title of Property – SR Office
Rent fees (Khajna) received – Land Office (AC-land + UP)
Ownership Record & Revenue Collection – Survey Office
Mortgage of land property means Register Mortgage  

B. From Proof of Genuineness – 
- Ascertainment of title before mortgage is mandatory 
 to assure the genuineness of landed property. 
 the following documents are required
Chain of Documents :
 Original Deed/certified deed with SRO Token 
 Registered Partition Deed among the Co-owners (if required)
 Bia deed (if any)
 Mutation khatian along with DCR and update Khajna receipt
 Right of records (Khatian) & Parcha (CS,SA,RS BS, City Survey
 Update Rent, municipal or UP Tax Receipt
 Approved plan of construction, Location Map, Survey Report, 
 Physical Visit Report by Bank officials, Legal opinion 
 Original Lease Deed (in case of Lease hold Property)
 Allotment Letter fvg. Lessee  (in case of Lease hold Property)
 Mutation letter favouring Lessee (in case of Lease hold Property)