Taxmann's Analysis | RBI Issues Directions for Swift Release of Property Documents Post-Loan Closure

Name: Taxmann's Analysis | RBI Issues Directions for Swift Release of Property Documents Post-Loan Closure
Rating: 3.6666667461395264 (3 reviews)

Taxmann

Sep 2023 · Taxmann Publications Private Limited

3.7

3 reviews

Ebook

Pages

About this ebook

This article aims to unravel the comprehensive directives that offer invaluable guidance to Regulated Entities (REs) concerning the release of both movable and immovable property documents and the removal of charges upon the repayment or settlement of a loan account.

It provides insights into the instructions laid out for REs, emphasizing their responsibility to promptly release all property documents and charges within 30 days of full loan settlement.

Additionally, this write-up sheds light on the imperative to specify the timeline and location for the return of original documents, as detailed in loan sanction letters. Also, highlight the impact of these directives on the financial landscape, underscoring their significance in fostering a more transparent and efficient lending environment.

Ratings and reviews

3.7

3 reviews

Anil Das

September 24, 2023

AAA BOSS NETWORK

Anil Das

September 19, 2023

AAA BOSS NETWORK

About the author

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the Six Sigma approach to achieve the benchmark of zero error in publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

• The statutory material is obtained only from the authorised and reliable sources

• All the latest developments in the judicial and legislative fields are covered

• Analytical write-ups should be provided on recent, controversial, and important issues to help the readers to understand the concept and its implications

• It must be ensured that every content published by Taxmann is complete, accurate and lucid

• All evidence-based statements must be supported with proper reference to Section, Circular No., Notification No. or citations

• The golden rules of grammar, style and consistency are thoroughly followed

• Font and size that's easy to read and remain consistent across all imprint and digital publications are applied

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