Mortgage Documentation
Support for Memorandum of Deposit of Title Deeds (MODTD) registration and release deed coordination following loan closure.
What is this service?
When securing a bank loan or paying off an existing housing mortgage, state law mandates registration of the Memorandum of Deposit of Title Deeds (MODTD) and subsequently a registered Receipt or Release Deed upon loan closure to clear the encumbrance from public records.
Who Needs This Service
- Borrowers securing housing or property loans requiring registered MODTD
- Owners who have paid off home loans and need to cancel bank mortgage liens from the EC
- Sellers proving unencumbered status before finalizing a property sale
Required Documents or Information
- Bank Loan Closure / No Dues Certificate
- Original Title Deeds released by the bank
- Previous registered MODTD copy
- Identity proof of owner
What Is Included
How It Works
Bank Clearance Check
Verify bank loan clearance certificate and released title documents.
Release Deed Preparation
Prepare discharge deed and book registrar appointment with bank representative.
Registration and Clear EC
Execute release and pull updated EC showing cleared mortgage entry.
Fixed coordination fee plus government charges
Frequently Asked Questions
Does the bank automatically clear the EC entry after loan closure?
No. Banks issue a No Dues Certificate, but a formal Release Deed must be executed at the Sub Registrar Office to officially remove the mortgage from the Encumbrance Certificate.
Request Mortgage Documentation
Provide your property details and contact number. An OWNRO documentation specialist will review your request and get in touch within 24 business hours.