Question
The requirement for Reporting Entities (REs) to release
all original movable/immovable property documents and remove charges registered within 30 days after full repayment/settlement of the loan account is stipulated in which regulatory code?Solution
As part of Fair Practices Code and to make things uniform, RBI asked "REs to release all the original movable/immovable property documents and remove charges registered with any registry within a period of 30 days after full repayment/settlement of the loan account."
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