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Mortgage House Discharge Form Template for Hong Kong

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Key Requirements PROMPT example:

Mortgage House Discharge Form

"I need a Mortgage House Discharge Form for a residential property in Kowloon, Hong Kong, to be executed by March 2025, where HSBC Bank is releasing their security interest after full loan repayment."

Document background
The Mortgage House Discharge Form is a crucial document in Hong Kong's property financing system, used when a mortgage loan has been fully repaid and the property needs to be released from the security interest held by the mortgagee. This document is essential for clearing the property's title and is required by the Hong Kong Land Registry to formally record the termination of the mortgage. The form must include specific details such as the property description, original mortgage particulars, and party information, complying with the requirements set forth in the Land Registration Ordinance and Conveyancing and Property Ordinance. It serves as definitive evidence that the mortgage has been satisfied and the property is free from the specific encumbrance.
Suggested Sections

1. Property Details: Full legal description of the property including lot number, address, and property reference

2. Mortgagor Information: Complete details of the property owner(s) including full name(s), ID/passport numbers, and registered address

3. Mortgagee Information: Details of the lending institution including registered name, business registration number, and address

4. Mortgage Particulars: Details of the original mortgage including registration date, memorial number, and instrument reference

5. Discharge Declaration: Formal statement declaring the full discharge of the mortgage and release of security interest

6. Execution Block: Space for signatures, witnessing details, and dates of execution by all parties

7. Land Registry Information: Section for Land Registry reference numbers and filing details

Optional Sections

1. Partial Discharge Details: Required when only part of the mortgaged property is being discharged, including specific details of the portion being released

2. Multiple Mortgagor Declaration: Required when there are multiple mortgagors, specifying the relationship and respective interests being discharged

3. Attorney Execution: Required when the discharge is being executed under a power of attorney, including attorney details and reference to the power of attorney

4. Consideration Details: Required when there is a specific consideration amount for the discharge that needs to be recorded

5. Corporate Authorization: Required when either party is a corporation, including details of the corporate resolution authorizing the discharge

Suggested Schedules

1. Property Schedule: Detailed description of the property including boundaries, easements, and any specific exclusions or inclusions

2. Outstanding Amounts Statement: Statement confirming all outstanding amounts have been settled, including any final payment details

3. Supporting Documents List: List of all supporting documents submitted with the discharge form including original mortgage deed, payment receipts, etc.

4. Power of Attorney: Copy of power of attorney if the discharge is being executed by an attorney

5. Corporate Resolution: Copy of board resolution or corporate authorization if any party is a corporation

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















Clauses















Relevant Industries

Banking

Real Estate

Legal Services

Financial Services

Property Development

Mortgage Lending

Property Management

Conveyancing Services

Relevant Teams

Legal

Mortgage Operations

Property Administration

Compliance

Real Estate Services

Banking Operations

Document Processing

Risk Management

Client Services

Registration

Relevant Roles

Mortgage Officer

Legal Counsel

Conveyancing Lawyer

Property Manager

Bank Manager

Loan Officer

Compliance Officer

Legal Executive

Property Administrator

Company Secretary

Real Estate Agent

Title Officer

Registration Clerk

Banking Operations Manager

Industries






Teams

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