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     EduGorilla 
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    Provisions of SARFAESI Act, 2002 applies 

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    1. to any movable or immovable security charged to the bank or financial institution
    2. to mortgage securities only
    3. where the security interests are created for repayment of financial assistance given by the bank or a financial institution
    4. to the properties owned by the defaulter borrowers, but those that are not charged to the bank
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