Question

Creating charge on immovable property by deposit of original title deed in the bank is known as

Answer 1

Answer:

Deposit of Documents of Title

Deposit of Documents of TitleAn equitable mortgage on an immovable property can be created by a written deed. The deed would provide that the mortgagor has deposited the title - deeds of his property with the mortgagee - bank in a notified town with intent to create a security thereon on the advance made by the bank.