Loan Settled? Know Whether You Need a Deed of Receipt & Reassignment or a Discharge of Charge!

Both Deed of Receipt & Reassignment and Discharge of Charge are legal documents related to property ownership after a loan is settled. However, they apply in different scenarios. Here's a comparison chart to illustrate their differences:

Criteria	Deed of Receipt & Reassignment (DORR)	Discharge of Charge (DOC)
Definition	A document that reassigns property ownership back to the borrower after full loan repayment, mainly for master title properties.	A document that legally removes the bank’s charge over a property when a housing loan is fully repaid, mainly for individual title properties.
Applies to	Properties without individual or strata titles (e.g., under a master title).	Properties with individual or strata titles.
Used In	Loan settlement where the property was assigned to the bank via a Deed of Assignment instead of a registered charge.	Loan settlement where the property had a Charge Memorandum registered with the Land Office.
Involves	Bank (assignor), borrower (assignee), and lawyers.	Bank, borrower, and Land Office.
Key Purpose	Reassigns the rights to the borrower after the bank releases its interest in the property.	Officially removes the bank’s charge from the title deed and updates the Land Office records.
Authority Handling	Lawyers prepare the document and notify the developer (if applicable).	Registered with the Land Office to remove the charge from the title.

Deed of Receipt & Reassignment (DORR) and Discharge of Charge (DOC): Are They in the Same Category?

Yes, both fall under property conveyancing and loan settlement procedures, as they deal with the release of bank interest in a property after full loan repayment. However, the key difference is:

• DORR is for properties without an individual title (master title properties).

• DOC is for properties with an individual title.

Understanding the differences between a Deed of Receipt & Reassignment and a Discharge of Charge is crucial to securing your property rights after settling a home loan. Each process has its own legal implications, and choosing the right one ensures a smooth property transition. If you're unsure about which applies to your situation, Choo & Lee Advocates & Solicitors are here to help. Contact us today for expert guidance and ensure your property matters are handled with precision and care.

Disclaimer: This article is for general informational purposes only and does not constitute legal, financial, or real estate advice. While we strive for accuracy, laws and regulations may change, and information may not be applicable to your specific situation. Always consult a qualified professional before making any legal or financial decisions.