Question
According to the RBI's notification, how many days
should regulated entities (RE) release the original moveable and immoveable property documents and remove charges registered with the registry after full repayment and settlement of the loan account?Solution
In cases where delays are attributable to REs and extend beyond 30 days, they will be required to compensate borrowers at a rate of Rs 5,000 per day for each day of delay.
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