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 Discharge of loan, how much

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jason1986
post Jan 16 2016, 03:02 PM

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For discharge of charge, the legal fees as provided and fixed under the Solicitors Remuneration Order is RM300.

Other disbursements will be:

registration fee for the discharge paid to the land office (depends on LO), if kl and sel will be rm 70 (inclusive of PA noting).

Stamp duty - Rm10.

vesting order - if applicable will be rm100 (kl n sel).

land search - rm30.

travelling, printing, postage etc will come up to around 300 to 400.

Most banks do not require you to go to the bank to execute a form on the legal firm you are appointing. Law firm will prepare a letter of authorisation for you to sign and will forward it to the bank with the discharge form.

You will need to provide a copy of the title and the current quit rent and assessment receipts to your lawyer.

Can pm me if you need further info.


jason1986
post Jan 20 2016, 04:49 PM

On my way
****
Senior Member
695 posts

Joined: Apr 2010


QUOTE(shaniandras2787 @ Jan 18 2016, 10:20 AM)
^

apparently airtawarian is a practicing solicitor and only charge RM300 for the entire transaction. If according to the information you provided, he is providing free legal fees and only charging disbursements laugh.gif
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Don't drag me in please. I am just here to share my knowledge with fellow forum members.

Peace. icon_rolleyes.gif

 

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