Economic TimesLean R·
RBI mulls guidelines on property title searches
New Delhi: The Reserve Bank of India (RBI) may issue broad guidelines on property title searches to streamline the process and curb frauds involving title deeds accepted as mortgage security.The guidelines could prescribe a minimum search period, key documents and records to be verified, as well as precautions to be followed while preparing title search or legal background check reports, said people familiar with the development."The RBI had sought suggestions from banks on this issue. We have,…
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