CreditWiseConfident Decisions

Memorandum of Entry

Formal banking record evidencing the deposit of title deeds to create an equitable mortgage under consortium protocols.

MOE Designer

Step 1 of 4
1
Borrower
2
Parties
3
Loan
4
Schedules
Borrower & Compliance Data

Banking Compliance

The MOE should be recorded by at least two bank officials to serve as strong evidence of mortgage creation.

  • Evidences intent of security creation.
  • Mandatory for ROC filing (Form CHG-1).
Legal Takeaways

Ensures priority of charge from the date of physical deposit of deeds.

Title deeds MUST be original and lien-free for effective creation.