Land could not be mortgaged more than once
Staff Reporter :
It would not be possible to mortgage land more than once as the government has set up mortgage data bank. “The days of deceiving people are over,” Land Minister Saifuzzaman Chowdhury said this while inaugurating the Mortgage Data Bank and Case Management System in the city’s Bhumi Bhaban Auditorium on Monday afternoon.
Land Reform Board Chairman Soleman Khan and Bangladesh Bank Deputy Governor Kazi Saidur Rahman were present during the opening ceremony. Land Secretary Md Mustafizur Rahman presided over the programme.
Land Minister Saifuzzaman Chowdhury said, “We are working to increase transparency in the Land Ministry and the people of the country are now getting benefits. Once, a piece of land was mortgaged several times, from now it won’t be happened. Many transactions in the banking system are based on mortgages and Mortgage Data Bank will therefore play a positive role in the banking and financial system.”
Being digitalisation land services in such a way that future generations do not have to suffer for land issues, the Minister said.
The Land Secretary said that anyone can verify the mortgaged property information. Some 6,000 user accounts including 72 banks and financial institutions have been created with the data bank.
Data entry of 22,200 mortgaged properties has been done, he said adding that about 21,000 cases have already been uploaded in the case management system. All data entry will be done in time and it is an ongoing process, Md Mustafizur Rahman said.
The Deputy Governor of Bangladesh Bank said that a revolutionary change is taking place in the land management and it is an important decision for setting up the mortgage data bank.
Mortgage Data Bank:
Objective: The Ministry of Land has taken the initiative to establish a ‘Mortgage Data Bank’ to prevent fraud related multiple mortgages, purchase and sale or mutation of mortgaged land.
Salient Feature: Banks, land offices, sub-registry offices, or citizens will get the opportunity to verify information related to land mortgages; re-mortgaging, buying and selling, or mutating the mortgaged land will not be possible; fraud on mortgaged land will cease; mutation will be easier based on the Money Loan Court’s verdict; the system will be used as current and future mortgage land online database of banks or financial institutions.
Available Service: Citizens or any institution will have the opportunity to verify mortgage and related information. In addition, land and sub-registrar offices, banks and financial institutions, and Bangladesh Bank will be able to verify mortgage related information as well as prepare reports.
Web Address: The mortgage data bank system could be directly accessed through mortgage.land.gov.bd or the National Land Service Platform land.gov.bd on the internet. Besides, land service recipients can also avail of the service by calling 16122.
Case Management System:
Objective: The Ministry of Land has taken the initiative to set up a ‘Case Management System’ for easy, transparent, and fair management and online monitoring of civil litigation related to land.
Salient Feature: All Land Offices and Courts will come on the same platform, the entire process of preparation and submission of Statement of Facts will be done online, the number of cases will decrease as there is an opportunity to document and dispose of online and it will be possible to protect land property through proper monitoring of land revenue and civil cases online.
Available Service: The land service recipient can monitor the case status and hearing date, the attorney can see the hearing date and order. Land Officer can see case information and progress.
It would not be possible to mortgage land more than once as the government has set up mortgage data bank. “The days of deceiving people are over,” Land Minister Saifuzzaman Chowdhury said this while inaugurating the Mortgage Data Bank and Case Management System in the city’s Bhumi Bhaban Auditorium on Monday afternoon.
Land Reform Board Chairman Soleman Khan and Bangladesh Bank Deputy Governor Kazi Saidur Rahman were present during the opening ceremony. Land Secretary Md Mustafizur Rahman presided over the programme.
Land Minister Saifuzzaman Chowdhury said, “We are working to increase transparency in the Land Ministry and the people of the country are now getting benefits. Once, a piece of land was mortgaged several times, from now it won’t be happened. Many transactions in the banking system are based on mortgages and Mortgage Data Bank will therefore play a positive role in the banking and financial system.”
Being digitalisation land services in such a way that future generations do not have to suffer for land issues, the Minister said.
The Land Secretary said that anyone can verify the mortgaged property information. Some 6,000 user accounts including 72 banks and financial institutions have been created with the data bank.
Data entry of 22,200 mortgaged properties has been done, he said adding that about 21,000 cases have already been uploaded in the case management system. All data entry will be done in time and it is an ongoing process, Md Mustafizur Rahman said.
The Deputy Governor of Bangladesh Bank said that a revolutionary change is taking place in the land management and it is an important decision for setting up the mortgage data bank.
Mortgage Data Bank:
Objective: The Ministry of Land has taken the initiative to establish a ‘Mortgage Data Bank’ to prevent fraud related multiple mortgages, purchase and sale or mutation of mortgaged land.
Salient Feature: Banks, land offices, sub-registry offices, or citizens will get the opportunity to verify information related to land mortgages; re-mortgaging, buying and selling, or mutating the mortgaged land will not be possible; fraud on mortgaged land will cease; mutation will be easier based on the Money Loan Court’s verdict; the system will be used as current and future mortgage land online database of banks or financial institutions.
Available Service: Citizens or any institution will have the opportunity to verify mortgage and related information. In addition, land and sub-registrar offices, banks and financial institutions, and Bangladesh Bank will be able to verify mortgage related information as well as prepare reports.
Web Address: The mortgage data bank system could be directly accessed through mortgage.land.gov.bd or the National Land Service Platform land.gov.bd on the internet. Besides, land service recipients can also avail of the service by calling 16122.
Case Management System:
Objective: The Ministry of Land has taken the initiative to set up a ‘Case Management System’ for easy, transparent, and fair management and online monitoring of civil litigation related to land.
Salient Feature: All Land Offices and Courts will come on the same platform, the entire process of preparation and submission of Statement of Facts will be done online, the number of cases will decrease as there is an opportunity to document and dispose of online and it will be possible to protect land property through proper monitoring of land revenue and civil cases online.
Available Service: The land service recipient can monitor the case status and hearing date, the attorney can see the hearing date and order. Land Officer can see case information and progress.
