Amendment status not verified — confirm the current text below against the official source.
(1) In the event of taking over the repayment amount either fully or partially by the Government as per clause (i) of sub-section (3) of section 15 of the Act, it shall be the duty of the State Level Dwelling Place Protection Committee to deposit such amount in the account of the financial institution through the District Collector concerned. (2) In the event of finalizing the attachment or recovery proceedings by giving repayment amount to the financial institution, it shall be the duty of the State Level Dwelling Place Protection Committee to take steps to get back all the documents including the title deed of the mortgaged property from the financial institution and to keep them under the temporary custody of the District Collector concerned. (3) In the event of termination of the attachment or recovery proceedings completely, it shall be the duty of the State Level Dwelling Place Protection Committee to return the title deed and allied documents of the mortgaged property to the owner, subject to the conditions, as prescribed.