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Release & Redeposit Memorandum

Release and Redeposit Memorandum of Entry

Used to extend equitable mortgage when adding new lenders or creating fresh joint mortgage.

What is it?

Used to extend the equitable mortgage already executed in favour of the Lead Banks when new lenders are added.

Best For:

  • Consortium Migration
  • Security Extension

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1Basic Info
2Banks & Loans
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Borrower & Meeting Details

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Record of constructive release and redeposit of title deeds.

MEMORANDUM OF ENTRY

FOR RELEASE AND REDEPOSIT OF TITLE DEEDS

MEMORANDUM OF ENTRY AT Overseas Bank on this 20 day of February, 2026.

A meeting was held between Shri Joy, authorized representative of Roy (the Borrower) and Alen of Overseas Bank.

Shri Joy referred to the earlier deposit of title deeds made on 20-Feb-2026 in favor of Overseas Bank to secure Term Loan of Rs 100 lacs.

He stated that since SIPMOM has now sanctioned an additional Term Loan of Rs 150 lacs, the Company has agreed to create a joint mortgage.

"I hereby constructively release the said title deeds and redeposit them with you with intent to create/extending security for the aggregate facilities granted by all lenders."

First Schedule: Title Deeds
1. Title Deed 1
2. Title Deed 2
Second Schedule: Description of Properties
Description Property 1
Description Property 2

In the presence of:

Bank Officer

(Alen)

For Roy

Authorised Signatory

(Joy)

Constructive Delivery

Constructive redeposit is a legal fiction where the physical deeds don't leave the bank, but the intent is updated to cover new facilities. Ensure this is explicitly stated by the borrower.