Mortgage by deposit of Original title deeds, with the intention to create equitable mortgage. In some states it is required to be registered with the sub registrar and in some states it is not. To prove the intention an attendance register is maintained at the bank which should be signed by the owner of the property himself.
In case of NRI's the power of attorney holder who is the close relative of the NRI can create mortgage on behalf of the NRI. Bank may accept power of attorney executed before the Indian Embassy official.
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