A Bank Mortgage through a Memorandum of Title Deed (MODT) is a crucial document used in home loans or other secured loans where the borrower deposits their original title deed with the bank as collateral. Unlike a typical mortgage deed, an MODT is executed when the borrower pledges their property documents with the bank without an outright transfer of interest. It ensures that the lender has legal rights over the property until the loan is repaid. This memorandum must be registered with the Sub-Registrar’s Office to give it legal validity and enforceability.

At Dasthaveju Lekari, we specialize in preparing and registering Memorandums of Title Deed in line with bank protocols and legal regulations. We understand the compliance standards required by different banks and tailor the documentation accordingly. Whether you are buying a property with a home loan or availing a business loan against property, we help ensure your MODT is drafted precisely with all necessary details like loan amount, interest rate, tenure, and loan account number.

Our legal experts liaise with banks and sub-registrar offices on your behalf to expedite the process, helping you avoid delays in loan disbursement. We also assist in calculating the stamp duty applicable for MODT registration, which varies from state to state. Proper registration of the MODT helps prevent any legal complications in the future and protects the bank’s interest during the loan tenure.