Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of mortgage. [Also read Procedure for Filing the Delay Condonation Application with CERSAI for delay ]
So if someone has taken a housing loan or offered a property as collateral security in a loan, details of house/ property are filed with CERSAI
CERSAI charges some fee from banks for filing of charge known as fee for registration of security interest. Following are the CERSAI charges:
[Charge on movable assets (stocks/ book debts etc.) is also required to be filed with CERSAI]
Following are the CERSAI penal charges i.e., Fee for delayed filing of charge with CERSAI after 30 days:
Service Tax is also levied on late filing fee.
Banks recover CERSAI charges from their customers.
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