πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      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?
      A Banking Regulation Act Correct Answer Incorrect Answer
      B Fair Practices Code Correct Answer Incorrect Answer
      C The Negotiable Instruments Act Correct Answer Incorrect Answer
      D Payment and Settlement Systems Act Correct Answer Incorrect Answer
      E Banking Companies (Nomination) Rules Correct Answer Incorrect Answer

      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."

      Practice Next
      ask-question