Legal Question in Banking Law in India
If bank has not done the legal verification on a new home loan properly, should the borrower pay the interest on loan sanctioned by bank. Registry could not be done as the seller couldn't provide original papers. pls suggest
Asked on 9/10/09, 12:40 am
3 Answers from Attorneys
If registery is not done then why to receive the loan amount. If you have received then you have to pay the interest also else return the full amount under one time settlement scheme.
Answered on 9/10/09, 1:21 am
J. Radhakrishnan
independent Practice
If the formalities relating to sale are not completed by you, Bank cannot be held responsible. If the sale does not go through all expenses by Bank towards sanction of loan are to your account and you have to pay the same
Answered on 9/14/09, 11:43 pm
Seshadri Srinivasan
www.lawconcern.com
Was the loan disbursed? Or it was only sanctioned?
Answered on 11/02/09, 1:39 am
Related Questions & Answers
-
Money was lent to aman what proof/document required from borrower? Asked 9/09/09, 11:59 am in India Banking Law
-
My husband has a saving account and he passed away before 2 years what should i have... Asked 9/09/09, 10:39 am in India Banking Law
-
Dear Sirs, I need some help Can you please help me with my problem with a finance... Asked 9/09/09, 2:07 am in India Banking Law
-
On a house building loan a nationalised due to non payment the bank charges penal... Asked 9/08/09, 2:17 pm in India Banking Law
-
Question . 1. Can a SUMMARY SUIT be filed against only the guarantor for the sum,... Asked 9/07/09, 5:54 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
