Legal Question in Banking Law in Kenya
i haven't submitted my monthly repayment money for the last 5 months..can i be arrested as i am told by the bank manager?
Asked on 8/21/13, 2:25 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
22.08.2013
Dear Sir / Madam,
Yes. The bank Manager has rightly informed you that you are liable to be arrested for non-payment of Equated Monthly Instalments (EMIs) on your loan.
Regards,
Answered on 8/21/13, 8:24 pm
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