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Discharge Of Mortgage Form Template for Singapore

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Key Requirements PROMPT example:

Discharge Of Mortgage Form

"Need a Discharge of Mortgage Form for a Singapore residential property at 123 Orchard Road, releasing a mortgage from DBS Bank, with final payment completed in January 2025."

Document background
The Discharge Of Mortgage Form is a crucial document in Singapore's property transaction system, required when a mortgage has been fully repaid or when refinancing a property. This document must be filed with the Singapore Land Authority to formally remove the mortgage from the property's title. It includes details of the property, the original mortgage, the parties involved, and a formal declaration of discharge. The form must comply with Singapore's Land Titles Act requirements and is typically processed through the STARS electronic system. It serves as official evidence that the property is free from the specified mortgage encumbrance.
Suggested Sections

1. Title and Reference Information: Property reference number, mortgage reference, and document identifier

2. Mortgagor Details: Full legal name and identification of property owner

3. Mortgagee Details: Full legal name and details of lending institution

4. Property Description: Legal description of the mortgaged property including lot number and title details

5. Discharge Declaration: Formal statement of discharge and release of the mortgage

6. Execution Block: Signature sections for all parties and witnesses

Optional Sections

1. Partial Discharge Details: Used when only part of the mortgage is being discharged

2. Additional Security Release: Used when additional securities were involved in the original mortgage

3. Special Conditions: Any specific terms or conditions of the discharge

Suggested Schedules

1. Property Schedule: Detailed description of property if multiple properties involved

2. Supporting Documents: List of attached supporting documents such as title search or payment evidence

3. Certificate of Satisfaction: Confirmation that all mortgage obligations have been satisfied

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















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Industries

Land Titles Act (Chapter 157): Primary legislation governing the registration and transfer of land titles in Singapore, including mortgage discharge procedures

Registration of Deeds Act (Chapter 269): Legislation governing the registration of deeds and instruments affecting land in Singapore

Conveyancing and Law of Property Act (Chapter 61): Key legislation governing property transactions and conveyancing practices in Singapore

Residential Property Act (Chapter 274): Legislation controlling the purchase and ownership of residential property in Singapore

SLA Regulations: Singapore Land Authority regulations governing land dealings and registration procedures

Land Titles Registry Requirements: Specific requirements for registration and documentation set by the Land Titles Registry

MAS Guidelines: Monetary Authority of Singapore guidelines affecting mortgage transactions and financial institutions

Form 37 Requirements: Prescribed form requirements for discharge of mortgage under the Land Titles Act

STARS Requirements: Technical requirements for electronic submission via Singapore Titles Automated Registration System

Legal Profession (Conveyancing) Rules: Rules governing conveyancing practice for legal professionals in Singapore

Singapore Law Society's Conveyancing Practice Rules: Professional guidelines and requirements set by the Law Society for conveyancing practice

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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