Use this form:
When monies have been advanced to a person or entity where a property is being used as collateral (security), regardless of amount or description of the document, (ie. Charge, Mortgage, Loan). This form is typically used by lending institutions, but may also be used by individuals or companies who have advanced monies to another person.
In submitting this form you should enclose the following (where applicable):
- Completed submission record, ensuring checklist to the rear of the form is complete
Once signed the form should be submitted to the Lands & Survey Department within 45 days of first signature, unless signed outside of the Cayman Islands , to avoid the accrual of late submission penalties.
|Where the sum secured (amount loaned) is CI $300,000 or less
|1% of the sum secured
|Where the sum secured (amount loaned) is more than CI $300,000
|1.5% of the sum secured
RL Form must be completed in Duplex format. If you do not have a Duplex Printer, print page 1, reinsert the page to the paper tray, and print page 2.
When completing the form ensure that:
- Full names are stated (or as recorded on the existing Register), with signatures witnessed by a Justice of the Peace, Notary Public or member of authorised Land Registry staff, and correctly dated. Notary Public’s whose commissions do not expire must state so on the Registration Form
- Full address is stated for the Purchaser, including postal / zip code
- Amendments are initialed by all parties. The use of correction fluid is not permitted