Equitable Mortgage

Transfer of Property Act, 1882 — Section 58(f)

Also called "mortgage by deposit of title deeds" under Section 58(f) of the Transfer of Property Act, 1882. Created by depositing original title deeds of property with a bank in a notified town, with the intention of creating a security interest. No formal written deed or registration is required — the deposit itself creates the mortgage. Widely used by banks for quick security creation.