Borrowers who secured loans using land titles will bear the cost to enable lenders facilitate the conversion to meet new requirements. Financial institutions are among victims of land title deeds fraud racket, losing billions of shillings. RIMs display all land parcels within an area as opposed to a deed plan that captures data on one specific parcel. Land title deeds are among the popular assets used by borrowers to secure credit from banks in the country. There is, however, no official data on the number of title deeds held.

Source: The Star January 15, 2021 00:56 UTC