Legal Question in Banking Law in India
Is there a way to limit my liability as a guarantor for a home loan since the collateral is the house itself which will be of more value at any point in time?
Asked on 6/28/10, 6:49 am
2 Answers from Attorneys
Prof.Somnath Mukherjee
s.mukherjee associates,09874053359
please give the details or contact with me further advice.
Answered on 6/28/10, 9:22 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
In case you are ever made to make payment by the lender, you may ask for transfer of collateral in your name or in the name of your nominee for liquidating loan dues.
Answered on 6/29/10, 3:36 am
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