A Legal Scrutiny Report (LSR) is the legal opinion an advocate issues to a bank or NBFC before a loan is disbursed against a property. It verifies the chain of ownership, checks for encumbrances and litigation, and states whether the title is clear and marketable.
Banks prescribe 13-year or 30-year title investigation periods depending on the loan product. In Maharashtra, the underlying records — Index II extracts and 7/12 (Satbara) records — are typically in Marathi and must be read in the vernacular.
At Expert Jurist LLP every LSR is drafted by one advocate and independently verified by a second before it is signed — the maker-checker discipline banks expect.
Expert Jurist LLP — advocate-led title diligence, Navi Mumbai.