Tamil Nadu Registration Department Issues Crucial Advisory to Banks on Property Loans
28 Aug 2026Updated 16 days ago1 source
AI translation — this coverage was originally reported in Tamil; the translation may contain errors. Read the original reports below.
The Tamil Nadu Registration Department has urged banks to verify the Encumbrance Certificate (EC) before releasing loan amounts. Under the new online registration system for mortgages and deposit of title deeds, this measure aims to prevent fraud where multiple loans are fraudulently obtained on a single property. The State Level Bankers' Committee has been requested to instruct all banks in the state accordingly.
NIKAN Intelligence
What happened
The Tamil Nadu Registration Department has advised banks to verify the Encumbrance Certificate (EC) to ensure mortgage details are updated before releasing property loans. This advisory follows the introduction of a new online, presence-less registration system for Memorandum of Deposit of Title Deeds (MODT) and mortgages.
Why it matters
The move is designed to prevent fraudulent activities where individuals secure multiple loans on a single property by exploiting gaps before registrations appear on the EC. It aims to protect both banks and genuine property buyers while streamlining the digital registration process.
What we know
- Online presence-less registration is now available for certain documents including MODT and mortgages.
- The registration department has requested the State Level Bankers' Committee (SLBC) to instruct all banks in Tamil Nadu.
- Banks must verify that mortgage details are reflected in the EC before releasing the loan.
What we don't know
- The exact date the new rule becomes strictly mandatory for all banking institutions.
- Any penalties or actions to be taken against banks that fail to comply with this advisory.
What's next
The State Level Bankers' Committee (SLBC) is expected to officially communicate these instructions to all operating banks within Tamil Nadu.
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AI translation — may contain errors
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