Loan deeds at ward offices

KATHMANDU: The Civil Procedure Code Bill states that loan deeds involving more than Rs 50,000 will have to be registered at the concerned ward offices of the local levels. Any such deed that is not registered at ward offices will be considered invalid.

Member of Legislation Committee Rewati Raman Bhandari said requiring deeds to be registered at the ward offices would help the government control forgery, fraud and coercion.

Â