This is procedural and depends on bank to bank. The best is to obtain advice from a banker from the bank in which you're making the new loan applic.
Discharge of charge/Deed of RnR costs RM300. If additional title, add RM100/title. Disbursements ought not cost more than RM250. Procedure would take, let's say 1 month at the soonest. Hopefully the bank didn't misplace or lost the original documents or else it would add to the time to complete it. More often than not, all would be ok and it'll be done within 4-6 weeks.

I'm planning to withdraw from my EPF Account 2. At the same time, i'm also planning to sign up for 80% loan from a bank.
At the moment, i have enough cash on hand to pay the 10% deposit which means i have the remaining 10% will come from my EPF account 2.
My question is when is the last day for me to make the 10% payment ?
Just right before 3 months from the SPA signed ?
The reason is i'm trying to drag the EPF withdrawal as long as i could as EPF is going to announce the dividend.
Once the dividend is announce, i will immediately submit for withdrawal but at the same time, i do not wish to take any risk of penalty charges of late 10% payment if there is any due to the time taken to process the withdrawal.

Thanks dariofoo 
I have another question here. What is the meaning of Letter of Undertaking ?
Who issue it and who shall receive it ? What is the reason of issuing and what function does it do ?

Thanks 

---

Added on January 19, 2012, 2:07 pm

Let me make few phone calls to EPF hotline and get some clarification.
Few times wud ensure the authenticity of the information as u know, goverment office always provide different answer from person to person.

This is the answer to a question related to EPF withdrawal before dividend announcement.

Question:
Scenario 1:
If i make my EPF withdrawal after 31 Dec and before EPF dividend announcement (usually on March), it would not affect the dividend payment.
Dividend payment would take the last number as of Dec for dividend calculation

Scenario 2:
If i make my EPF withdrawal before 31 Dec e.g Oct and before the EPF dividend announcement, dividend payment would take the last number as of Oct for divident calculation

This is a one time calling to EPF center.
I will call another one more time to get confirmation and validate the above info.
I hope my explaination can be understand by u.
My humble apologies if my explaination is not clear. Let me know and i will try to simplify it 

Go to the bank, ask for a redemption statement to know how much the sum you need to pay, then make payment.

You don't need a lawyer at this stage, unless you want to retrieve the original documents, grant and other docs from the bank for your own safekeeping. Normally folks would just leave all that with the bank until they sell the property, refinance it or transfer ownership to another party.

If you opt for that, your lawyer would prepare a discharge of charge/deed of receipt and reassignment. That document officially indicate that the bank does not hold the property as security anymore and you are free to deal with it as you like.

Why not? Is it safe to keep your money with the bank? Do you? 

Free storage for you,mate. For the time being, all you need is the release letter from the bank.

This is procedural and depends on bank to bank. The best is to obtain advice from a banker from the bank in which you're making the new loan applic.
Discharge of charge/Deed of RnR costs RM300. If additional title, add RM100/title. Disbursements ought not cost more than RM250. Procedure would take, let's say 1 month at the soonest. Hopefully the bank didn't misplace or lost the original documents or else it would add to the time to complete it. More often than not, all would be ok and it'll be done within 4-6 weeks.

Seems to be alright. If not happy you always have the option to get another quotation. 

Up to the developer, actually. Unless the JMB can round up and put some pressure on the developer. What is the JMB's stand on this? The law does not put in a timeframe for the developer to do so.

Anyone can submit an application but was there a proper follow up and were all the requirements by the land office met by the developer?

Any correspondence between the owners and developer ought to be done by the JMB. So, ask your JMB to write in. There is nothing in the law as it stands which requires the developer to apply for strata title within xxxx time after VP has been handed to the owners.

A usual SPA would provide for 10-14 working days for the vendor's financier to execute the RnR and return the said RnR together with the original SPA and other documents to the purchaser's financiers.

You've been waiting 1.5 months for the transaction to be completed, or for the vendor's financiers to return the documents? If the latter, such delay could be due to a missing document.

1.5 months after docs return to your lawyer, you mean?

In that case, it is quite an unusual delay.

Once the docs are returned, the lawyer would:

1. Date the RnR and send it for nominal stamping and revoke the previous PA.
2. Date the DOA between you and the ven and send it for adjudication.
3. Date the PA and send it for stamping and registration.
4. Send the stamped RnR to the developer with other docs via a Notice of Assignment.
5. Send all the duly stamped PA, RnR, NOA, and other ori documents TOGETHER with the unstamped DOA and proof of submission to LHDN for adjudication ,to the bank to advise drawdown.
6. Cheque issued by the bank.

The eventual stamping and service of the DOA can be done later.

The above steps ought not take longer than 2 weeks,normally. Average would be 2 working days for 1-4, and 5-6 would take another 5-7 working days. Sometimes, even faster.

LAWYER'S CORNER WILL BE TAKING A BREAK.

Shall be away for an outstation trip and will be back on Monday night. All queries will be answered on Tuesday.

Your patience is much appreciated.

Any urgent queries, do post it out in the open thread.

If it involves the High Court then yes, it would be step 3.

Drawdown refers to the purchaser's loan, not yours.

Sorry about that. So it should end with the original documents handed over to you for your safekeeping.