CERSAI has been set up by the government to control cases of fraud, in cases where properties are used as collateral to obtain loans. In this article, we will discuss how CERSAI accomplishes that task and the implications of its actions for home loan borrowers in India.
The full form of CERSAI is the Central Securitization Assets and Security Interest Reconstruction Registry of India. CERSAI has been established as a company under section 8 of the Companies Act 2013 by the Government of India.
While the central government, as of now, holds a majority stake in the entity, CERSAI said in March 2021 that the Reserve Bank of India (RBI) may take over the government’s 51% stake in the central registry since all its operations. related to banking activities.
What is the main role of CERSAI
CERSAI is a government-owned company that operates a central registry that deals with the filing of security interest of immovable, movable and intangible assets and assignment of receipts by financial institutions.
The government, in 2011, set up this central registry to track online data related to lending transactions against similar mortgages in India, with an aim to curb the growing number of property-related frauds.
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For non-starters, in a equitable mortgage, a customer borrows money from banks with the agreement that his property, on which the equitable mortgage has been made, will act as security for the loan.
How to Login Cersai With https://cersai.org.in/cersai/home.prg in one click in seconds without any hassle. Get help with login, sign up and forget password, its features, pricing, description, reviews and more.
CERSAI 2.0 Login
While login to the official CERSAI portal, keep the below mentioned points in mind:
Step 1. To access the CERSAI 2.0 URL, use the official URL: https://cersai.org.in/CERSAI/home.prg and enter it in the address bar of the window.
Step 2. Check that there should be no ‘www’ in CERSAI 2.0 URL after login.
Step 3. Do not use URL: https://www.cersai.org.in/CERSAI/home.prg Also, remove the existing saved CERSAI URL from bookmarks.
Note: Do not fetch CERSAI website through search engine like Google, use only official website.
Follow these easy steps:
How can I check my CERSAI details?
– After clicking on the ‘Property Based Search’ tab under ‘Public Search‘, you need to enter the property details and make payment before the report information is generated.