Mortgage registration

Mortgage registration is the official process of recording a loan secured by a property’s title with the relevant government authority. It creates a legal record showing that the lender has a claim on the property until the loan is repaid. This registration protects the lender’s interest, ensuring they can enforce their rights if the borrower defaults. It also provides clarity on ownership and encumbrances, making it a crucial step in formalizing a property loan agreement. Essentially, registration formalizes the security interest, making it enforceable and publicly accessible.