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Letter Of Intimation Of Mortgage Template for Malaysia

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Key Requirements PROMPT example:

Letter Of Intimation Of Mortgage

"I need a Letter of Intimation of Mortgage for a residential property in Kuala Lumpur, where HSBC Bank Malaysia is the mortgagee for a conventional mortgage of RM 800,000, with the letter to be submitted to the land registry by March 2025."

Document background
The Letter of Intimation of Mortgage is a crucial document in Malaysian property transactions, used to formally notify interested parties about the creation or existence of a mortgage on a property. This document is essential in Malaysia's property financing landscape, where it serves as an official communication tool between mortgagors, mortgagees, and other stakeholders. It must comply with the National Land Code 1965 and other relevant Malaysian legislation, and can be used in both conventional and Islamic banking systems. The letter typically includes comprehensive details about the property, mortgage terms, and parties involved, and is particularly important for maintaining transparency in property transactions and ensuring proper registration of interests in the property. This document is commonly used when new mortgages are created, when there are changes to existing mortgage arrangements, or when there's a need to formally declare the existence of a mortgage to third parties.
Suggested Sections

1. Letter Header: Includes date, reference number, and addressee details

2. Subject Line: Clear indication that this is a mortgage intimation letter

3. Property Details: Full legal description of the mortgaged property including title details and address

4. Mortgage Details: Information about the mortgage including amount, term, and mortgagee details

5. Purpose of Intimation: Clear statement of the purpose of the letter and the notification being made

6. Request for Acknowledgment: Request for the recipient to acknowledge receipt of the intimation

7. Contact Information: Details for further communication and queries

8. Closing and Signature: Formal closing, name and signature of authorized signatory

Optional Sections

1. Islamic Banking Compliance Statement: Required when the mortgage is Shariah-compliant, stating compliance with Islamic banking principles

2. Third Party Interest Declaration: Required when there are other parties with interest in the property

3. Power of Attorney Reference: Required when the letter is being signed under a power of attorney

4. Previous Mortgage Details: Required when there are existing mortgages on the property

5. Special Conditions: Any special conditions or restrictions relating to the mortgage

Suggested Schedules

1. Property Schedule: Detailed schedule containing full property particulars, including land title details, boundaries, and encumbrances

2. Mortgage Terms Schedule: Summary of key mortgage terms and conditions

3. Supporting Documents List: List of all relevant documents attached or referenced

4. Authorization Documents: Copies of relevant authorization documents, power of attorney, or board resolutions where applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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 & Financial Services

Real Estate

Legal Services

Insurance

Islamic Banking

Property Development

Property Management

Corporate Services

Public Sector

Construction

Relevant Teams

Legal

Mortgage Processing

Property Management

Corporate Secretarial

Compliance

Credit Risk

Document Management

Real Estate

Islamic Banking

Title Registration

Corporate Advisory

Customer Service

Relevant Roles

Legal Counsel

Mortgage Officer

Property Manager

Company Secretary

Banking Officer

Compliance Officer

Real Estate Manager

Credit Risk Officer

Document Controller

Legal Administrative Assistant

Property Legal Executive

Mortgage Administrator

Islamic Banking Officer

Title Registration Officer

Corporate Lawyer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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