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    Verification of Document: Sub: Vetting of Loan Document-Of Mrs Seeta Karansingh Rajpurohit. Resp Sir

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    M.T.Q. SAYYED LEGAL PVT. LTD.
    1. The document is a verification report from an advocate reviewing loan documents for Mrs. Seeta Karansingh Rajpurohit for a housing loan of Rs. 28 lakhs from Bank of Baroda. 2. The advocate checked the loan agreement, post-dated cheques, mortgage documents, and found the borrower and guarantor's unconditional acceptance of the loan sanction terms. 3. However, the advocate also noted that the borrower did not obtain necessary tax permissions before creating the mortgage and the property was not fully mutated in the borrower's name.

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    Verification of Document: Sub: Vetting of Loan Document-Of Mrs Seeta Karansingh Rajpurohit. Resp Sir

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    M.T.Q. SAYYED LEGAL PVT. LTD.
    725 views3 pages
    1. The document is a verification report from an advocate reviewing loan documents for Mrs. Seeta Karansingh Rajpurohit for a housing loan of Rs. 28 lakhs from Bank of Baroda. 2. The advocate checked the loan agreement, post-dated cheques, mortgage documents, and found the borrower and guarantor's unconditional acceptance of the loan sanction terms. 3. However, the advocate also noted that the borrower did not obtain necessary tax permissions before creating the mortgage and the property was not fully mutated in the borrower's name.

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    VOD FORMAT-28-07-2021

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    1. The document is a verification report from an advocate reviewing loan documents for Mrs. Seeta Karansingh Rajpurohit for a housing loan of Rs. 28 lakhs from Bank of Baroda. 2. The advocate checked the loan agreement, post-dated cheques, mortgage documents, and found the borrower and guarantor's unconditional acceptance of the loan sanction terms. 3. However, the advocate also noted that the borrower did not obtain necessary tax permissions before creating the mortgage and the property was not fully mutated in the borrower's name.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    725 views3 pages

    Verification of Document: Sub: Vetting of Loan Document-Of Mrs Seeta Karansingh Rajpurohit. Resp Sir

    Uploaded by

    M.T.Q. SAYYED LEGAL PVT. LTD.
    1. The document is a verification report from an advocate reviewing loan documents for Mrs. Seeta Karansingh Rajpurohit for a housing loan of Rs. 28 lakhs from Bank of Baroda. 2. The advocate checked the loan agreement, post-dated cheques, mortgage documents, and found the borrower and guarantor's unconditional acceptance of the loan sanction terms. 3. However, the advocate also noted that the borrower did not obtain necessary tax permissions before creating the mortgage and the property was not fully mutated in the borrower's name.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Ref:-O-000/2021-22 Date: 28-July-2021

    VERIFICATION OF DOCUMENT
    To,
    The Branch Manager,
    Bank of Baroda,
    Janori Branch,
    Tal. Dindori, Dist. Nashik.

    Dear Sir,

    Sub: Vetting of loan Document- of Mrs Seeta Karansingh Rajpurohit.


    Resp Sir,

    As per your instruction, I the undersigned visited your branch on dated


    07/06/2021 for the vetting of Loan Documents executed by the Borrower and
    Guarantor in the terms of Sanction letter dated 29/12/2020 issued to the Borrower
    and Guarantor and I am submitting my report as follows-
    I.Nature and Amount of Facility/ies:
    Term Loan of Rs.28,00,000/- (Twenty-Eight Lakhs Only.) for purpose of Housing
    Loan under PMAY having Rate of Interest as mentioned in the Sanction letter dated
    29/12/2020 of Loan A/c.No 35160600001632.

    Constitution of Borrowers-Individual/joint/proprietorship/company/patnership
    etc.: - Individual

    Details Of Securities as per Sanction.


    a) Primary security: -
    Property detail

    b) Collateral security: - N.A.

    List of Documents Perused:


    1. Attestation Memo.
    2. Installment letter
    3. Declaration -Cum- Undertaking.
    4. post dated cheques .
    5. Loan Of agreement for Individual.
    Observation of the advocate,(if any) on behalf of the documents mentioned
    above---NIL.
    III. On perusal of the above documents ,I further observe/opinion as under :-
    1. Whether the branch is holding unconditional acceptance of borrower and
    Gurantor and corporate Guarantor , if any, a copy of sanction Letter dated
    29/12/2020 addressed to the Borrower - Yes.
    2. Whether the legal search Report of Adv Ramrao Gatkal dated 28/12/2020
    related to the mortgage properties is based upon the perusal of xerox of title
    deed /chain documents -yes.
    3. Whether complete description of property/ies has been mentioned and all
    the title deeds/chain of Documents etc, have been obtained by the branch as
    per the report of the Advocate(LSR) ,while tracing chain of the title deeds and
    Whether the Mortgage is in Order-- yes.
    4. Whether Mortgagor has obtained permission u/s 281(1) (ii) of Income Tax
    Act/certificateof Auditors of Borrowers company/firm regarding No pending
    statutory Dues (CA certificate in caseof Individuals /Joint borrowers) before
    creation of Motgage- No.
    5. Whether all declaration with regard to the Title of property/ties ,power of
    Attorney w.r.t book debts etc. have been got Notarized (date of execution and
    notarized is same)- No.
    6. Whether as per LSR obtained by the branch, the property is mutated in the
    name of the Mortgagor in the relevant record or not -No, name of the
    mortgager will be mutated in municipal revenue records on payment of
    balance amount of consideration and or execution and registration of transfer
    of deed in their favour (in case any compliances by the mortgagor/branch is
    pending. Please mention specifically) further in case property is within
    municipal limits ,whether tax has been paid and TSI form/mutation certificate
    has been issued in the name of mortgagor-No.
    7. In case of corporate gurantee /mortgage ,whether the MPA/AOA of the
    guarantor has been perused by the advocate and the same permits to give such
    third party gurantee /mortgage - N.A
    7.1 In the case of corporate borrower whether execution of security
    documents and creation of mortgage is in term of board resolution and
    whether the board resolution is in term of articles of association of the
    company- N.A
    7.2 Certified copies of general body resolution u/s 291(1)(a) and 291(1)(d)
    of the company's act 1956 whenever applicable kept of record- N.A
    8. Whether the branch has obtained the complete details of the legal heirs of
    borrowers and guarantors as well as details of assets/properties in name of
    borrower / guarantors in form no. 135/LDOC-33- Yes .
    9. In case of hypophecation of plant and machinery whether the list of
    hypophecated items /plant and machinery is attached with the hypophecation
    deed - No
    10. Any other observation / pending rectification in loan documents/steps to
    be taken by the branch (including lien noting in revenue records/lessors
    records/ registration of charge with ROC etc. with regard to mortgage
    property) please specify- No.
    Other observation:
    No..
    This is to certify that the undersigned has verified all the loan /security
    documents is in order. All the stipulated terms and conditions of the sanction
    have been complied with.The documents are enforced in the courts/DRT .
    NASHIK
    21/06/2021. YOGINI WAGH-
    VIDHATE
    Advocate

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