Release & Redeposit Memorandum
Used to extend equitable mortgage when adding new lenders or creating fresh joint mortgage for consortiums.
Memorandum Designer
Step 1 of 3Constructive Delivery & DDE
Constructive redeposit is a legal fiction where title deeds remain with the Lead Bank but intent is refiled to cover new lenders. For 2026, execution must be integrated with State **Digital Document Execution (DDE)** systems for real-time stamp duty verification.
CERSAI Security Filing 2026
Registration of the release and joint redeposit transaction on the **CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest)** portal is mandatory within 30 days of execution to prevent dual-mortgage frauds.
Memorandum Instrument Draft
MEMORANDUM OF ENTRY
MEMORANDUM OF ENTRY AT Overseas Bank on this 17 day of October, 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 17-Oct-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
Second Schedule: Description of Properties
In the presence of:
For Roy
Welcome Back
Sign in to save reports and access premium credit tools.