Consumer Voice - - Bfsi -

to share de­tails of the ex­ist­ing EMs that are in force and were fa­cil­i­tated prior to 2011. CERSAI on­line, on nom­i­nal pay­ment, to ver­ify any prop­erty that has been mort­gaged so that he or she is sure of the en­cum­brance (prior charge) on the prop­erty. ex­ist­ing CERSAI Act to per­mit banks/ FIs to reg­is­ter a sec­ond/sub­se­quent charge on a prop­erty that is al­ready reg­is­tered with CERSAI, for an­other loan that is in­tended to be ad­vanced to the same bor­rower (though for a dif­fer­ent pur­pose). Sanc­tion­ing an ed­u­ca­tion loan un­der a sub­se­quent charge is a per­fect ex­am­ple.

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