Guidance for executing the Mortgage Deed
1. The Mortgage Deed is to be executed after the Loan Agreement is marked and requires execution by the Borrowing Agency just under its Common Seal within the sight of at least two observers; 2. This last support of the Mortgage Deed must be got endorsed from Central Waqf Chamber preceding its execution; 3. The Mortgage Deed ought to be stepped as per the Stamp Act except if the Home loan Deed has been excluded from the installment of stamp obligation. In any case, it ought to be stepped simply after the endorsement of the Mortgage Deed has been acquired from Central After execution, the Mortgage Deed ought to be enlisted with the Registrar or SubRegistrar of the region where the home loan property is found and a photograph state duplicate of the receipt subsequent to housing the Mortgage Deed for enrollment ought to be sent to Central Waqf Council with the solicitation for the arrival of the main portions; 5. The first duplicate of the Mortgage Deed, properly enrolled, ought to be sent to Central Waqf Council as and when gotten from the Registrar or the Sub Registrar of Affirmation.
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