(1) If any bank, financial institution or local body established in accordance with the prevailing law sends a written notice to hold any house or land in connection with its financial transactions, the land office shall enter the hold book in such a way that the house or land cannot be sold or transferred in any other way by the official level employee. It should be verified and stopped. In the case of a bank or financial institution, when such a hold is kept, the customs office shall submit Schedule- 1A. The following fee will be taken.
(2) According to sub-rule (1), if there is a written notice to release the land with hold, the land office shall release such land after stating the fact in the hold book.