Definition
A mortgage created by a registered deed under the Registration Act, 1908. A simple mortgage (Section 58(b) TPA) requires registration. Upon default under a registered mortgage, the mortgagee files a mortgage suit in civil court or proceeds under SARFAESI if the mortgage is over the loan threshold. Registration provides priority over subsequent unregistered claims.
Related Terms
RegistrationPriority
Need Expert Advice on Registered Mortgage?
For specific advice on how Registered Mortgage applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates