(1) Any Credit Agency shall grant loan on the basis of Record of Rights maintained electronically without insisting on Pattadar Pass Book and copy of Pahani. The Agency shall not keep the Pattadar Pass Book-cum-Title Deed in case of crop loans as per the existing guidelines.
(2) The credit agency shall record in the Record of Rights every loan disbursed to him and every repayment of such loan.
(2) The credit agency shall record in the Record of Rights every loan disbursed to him and every repayment of such loan.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Preparation, maintenance and updating of record of rights.Section 4 · Protection to the State and Central Government Lands etc.Section 5 · Registration and effecting Change in Record of Rights when right over the land acquired by way of sale, gift, mortgage or exchange.Section 6 · Effecting Change in Record of Rights when acquired the right over the land through succession, survivorship, inheritance.Section 7 · Effecting Change in Record of Rights when acquired through court decree.Section 8 · Fraudulent issue of Pattadar Pass Book-cum-Title Deed for Government Lands.India Code, Government of India. Text fetched 20 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.