Blog - MyRinBazaar | Mortgage Insights, Tips, and Industry News

29-Apr-2025

Use of digital signatures by an Authorised Officer under SARFAESI Act

Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, the use of digital signat...

15-Apr-2025

Understanding the Need and Purpose of the SARFAESI Act, 2002

India’s journey towards financial stability and economic growth has always been closely tied to the performance of its banking and financial sector....

14-Apr-2025

Transactions to Which the SARFAESI Act is Not Applicable

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is a powerful tool for lende...

13-Apr-2025

Guidelines for Authorized Officers When Responding to Borrower's Representation Under Section 13(3A) of the SARFAESI Act

When dealing with a borrower’s representation under Section 13(3A) of the SARFAESI Act, the authorized officer must exercise due diligence and ensur...

07-Apr-2025

Understanding the RBI Guidelines on Penal Charges in Loan Accounts

RBI/2023-24/53DoR.MCS.REC.28/01.01.001/2023-24 - August 18, 2023The Reserve Bank of India (RBI) has issued updated guidelines regarding penal charge...

31-Mar-2025

Priority to the Secured Creditor Under the SARFAESI Act

Section 26E of the SARFAESI Act holds significant importance in defining the rights of secured creditors, particularly when it comes to the priority...

28-Mar-2025

Reply to Representation / Objection raised by the borrower under Section 13(3-A) of SARFAESI Act.

The aforesaid Clause was inserted by the Central Govt. on 02.02.2007 after the judgment delivered by Supreme Court of India in the matter of Maradia C...

27-Mar-2025

Provision of Representation Under Section 13(3) of the SARFAESI Act, 2002

Under the SARFAESI Act, 2002, borrowers are granted a right to challenge the demand notice issued by the secured creditor. This is specifically provi...

22-Mar-2025

What is Technical Verification of a Property?

Technical verification of a property is a crucial step in assessing its viability for the lending. This process involves a thorough inspection of the...

20-Mar-2025

What Documents Are Required for Legal Scrutiny?

When undergoing legal scrutiny for property transactions, certain key documents are essential for ensuring that the property is free from legal issu...

18-Mar-2025

WHAT IS LEGAL SCRUTINY IN MORTGAGE LOANS?

In the context of housing loans, legal scrutiny—often referred to as due diligence or title verification—is a critical process where lenders meticul...

17-Mar-2025

Understanding Section 13(2) of the SARFAESI Act: A Crucial Step in Secured Credit Recovery

Under the SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act, 2002, Section 13(2) plays a criti...

13-Mar-2025

Enforcement in the Indian Mortgage Industry (Understanding the Legal Framework)

"In India, the enforcement of mortgage agreements is a critical process for lenders to recover dues in case of borrower default. The primary mechani...

12-Mar-2025

Credit Appraisal

Credit Appraisal is a process that lenders such as banks and financial institutions use to evaluate a borrower's credit-worthiness. Its go...

11-Mar-2025

The login process for filing a loan to a lender

The login process for filing a loan to a lender usually involves several important steps. Here is a general outline:(1) Access to Lender’s Portal:...

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