Mortgage House Discharge Form Template for India

The Mortgage House Discharge Form is a crucial document in Indian property transactions that marks the successful completion of a mortgage arrangement between a lender and borrower. This document becomes necessary when a borrower has fully repaid their home loan and needs formal confirmation that the property is free from the lender's charge. The form must comply with the Transfer of Property Act 1882, Registration Act 1908, and relevant state laws. It includes essential details such as the property description, original mortgage particulars, confirmation of full repayment, and explicit release statements. The document requires proper execution by authorized bank officials and registration with local authorities to ensure legal validity.

1. Form Title and Reference Number: Clear identification of the document as a Mortgage Discharge Form with unique reference number

2. Bank/Lender Details: Full name and address of the lending institution releasing the mortgage

3. Borrower Details: Full name and address of the borrower(s) whose property is being released from mortgage

4. Property Details: Complete legal description of the mortgaged property including address, boundaries, and registration details

5. Mortgage Reference: Original mortgage deed details including date, registration number, and principal amount

6. Discharge Declaration: Formal statement declaring the full repayment of the loan and complete discharge of the mortgage

7. Release Statement: Clear statement releasing all rights, title, and interest in the property

8. Date and Execution: Place for dating and signing the document by authorized parties