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

· Taxmann Publications Private Limited
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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.

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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:

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