Clear property title before lending against it
Compare original title deeds with the panel advocate's search report, encumbrance records and the security-interest and charge registers, and re-verify large-loan deeds by periodic legal audit. Legal can clear sanction and disbursement only on clean title and catch forged or already-charged property.
Starts when
- Credit proposal with immovable-property security reaching pre-sanction stage
- Facility of ₹5 crore or more falling due for legal audit under the Board-set periodicity
The process is a starting point. The standards are yours.
Configure for the bank or lender’s category, permissions and applicable RBI directions. Outsourcing, customer conduct, recovery and reporting controls use the institution’s approved interpretation and delegated authority.
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