MODTD Drafting
The Memorandum of Deposit of Title Deeds, drafted from the same file, with the deposit schedule, stamp duty, registration and CERSAI dates worked out.
From raw file to finished document.
Once the title is cleared, the mortgage is created by depositing the title deeds. This tool drafts the Memorandum from the loan file: Schedule A is exactly the list the Legal Search Report cleared for deposit, open report conditions are shown as blockers, and stamp duty, registration fee and the registration and CERSAI deadlines are calculated from the date of deposit.
It reads
- Legal Search Report deposit list
- Open report conditions
- Loan sanction details
- Date of deposit and state rates
It produces
- MODTD draft
- Schedule A and B
- Stamp duty and registration fee
- Registration and CERSAI deadlines
The raw record, and what the tool makes of it.
Real screenshots from the live demo, on a fictional file. The numbered notes point at what the tool picked up.
- Open title-report conditions, shown as blockers
- Deposit date and state rates, editable
- Duty, fee and deadlines worked out
The input: the open conditions from the title report, and the execution details a lawyer enters.
- Parties from the loan file
- Equitable mortgage by deposit of title deeds
- Schedule A is exactly the list the report cleared
The output: the Memorandum with parties, recitals and a Schedule A that matches the report.
Three steps, no retyping.
- Step 1
Take the cleared list
Only documents the report cleared can appear in Schedule A.
- Step 2
Enter execution details
Date of deposit and the stamp and registration rates, all editable.
- Step 3
Draft and date
The memorandum is drafted and the four-month and 30-day deadlines are worked out.
Try it on the sample file, or talk to us about yours.
Other tools
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Legal Search Report
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Sale Deed Verification
A scanned sale deed read page by page: the parties and particulars extracted, and each item of a 13-point verification checklist marked.
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