Definition
A legal document evidencing ownership of immovable property. In equitable mortgages, the borrower deposits the original title deeds with the bank, which creates the security interest. On SARFAESI enforcement, the bank takes possession of and eventually sells the property using the title deeds.
Related Terms
Equitable Mortgage
Also called "mortgage by deposit of title deeds" under Section 58(f) of the Transfer of Property Act…
Mortgage
A transfer of interest in immovable property as security for the repayment of money. The Transfer of…
SARFAESI
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, …
Need Expert Advice on Title Deed?
For specific advice on how Title Deed 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