ஈடுகாட்டிய அடமானக் கடன் பத்திரம்
ஈடுகாட்டிய அடமானக் கடன் பத்திரம் is an official guidance form for recording a loan secured by the property described in the deed, without handing possession of that property to the lender. The supplied text does not identify an issuing department, government order number or publication date.
What the mortgage deed records
The ஈடுகாட்டிய அடமானக் கடன் பத்திரம் records a loan for which the borrower offers specified property as security. The form states that the borrower continues to hold possession of the property.
The deed provides spaces to record:
- The names, addresses, ages, identity card details and telephone numbers of the borrower and lender.
- A description of the mortgaged property.
- The Sub-Registrar Office, Book 1 document number and year of the document through which the borrower acquired the property.
- The principal loan amount received in cash.
- The interest payable each month.
- The English calendar date by which monthly interest must be paid.
- The agreed period for repayment.
- The signatures or confirmation of witnesses.
Borrower’s statements
The ஈடுகாட்டிய அடமானக் கடன் பத்திரம் requires the borrower to state that the property belongs to the borrower and remains in the borrower’s possession and enjoyment. It also records that the borrower acquired the property through a registered purchase document and has held it from the date of that acquisition.
The form states that the money is borrowed for family needs. The borrower confirms receipt of the stated loan amount from the lender and agrees to pay interest at the rate entered in the deed.
Payment and default
The ஈடுகாட்டிய அடமானக் கடன் பத்திரம் allows monthly interest to be paid to the lender, the lender’s heirs or a person authorised by the lender. The payment date, interest amount and repayment period must be completed in the blank spaces.
If the borrower fails to repay the principal and interest, the deed states that the lender may:
- Take appropriate action against the borrower and the mortgaged property.
- Take action under sections 69 and 69A of the Transfer of Property Act.
- Recover the principal, interest and related expenses from the borrower.
Who is affected
The ஈடுகாட்டிய அடமானக் கடன் பத்திரம் directly affects the borrower whose property secures the debt and the lender providing the money. It also recognises payment to the lender’s heirs or authorised persons. The supplied form expressly says that possession of the property is not delivered through the mortgage deed.
Source identification
The supplied official guidance text does not name a department, order number, issue date, fee or prescribed rate. Those details therefore cannot be confirmed from the document.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does the lender take possession of the property under this mortgage deed?
No. The form expressly states that possession of the property is not handed over through the deed.
What can the lender do if the borrower does not repay?
The deed allows the lender to take action against the borrower and the mortgaged property, including action under sections 69 and 69A of the Transfer of Property Act, and to recover related expenses.
Who may receive the monthly interest payments?
The borrower may pay the lender, the lender’s heirs or a person authorised by the lender, as provided in the deed.
Does the form prescribe a fixed loan amount or interest rate?
No fixed amount or rate appears in the supplied text. The principal, monthly interest, payment date and repayment period are left blank for completion.
