Legal Question in Banking Law in India

Re: mortgage of HUF property to the bank.

yes HUF property can be mortgage to secure legal debt for benifit of HUF . The HUF property merely because it is HUF it doesnot make any disability in itself It depends upon bank, your project, purpose , repayment capacity , the powers of Branch Manager etc.

Re: mortgage of HUF property to the bank.

The question is goo general. It depends upon whether u are the Manager or Kartha of the HUF, whether the purpose is for the benefit of the HUF or necessity. Merely a property being HUF property, it does not mean that it cannot be mortgaged. Banks do accept mortgage of HUF properties, depending upon the purpose of the loan and the authority of the person to mortgage HUF property. Pl. avoid asking such general and inconsequential questions on this forum

Re: mortgage of HUF property to the bank.

If you are KARTA OF THE HUF then you can mortgage.

Re: mortgage of HUF property to the bank.

you can mortgage the HUF property only if you are the karta of the HUF.

Re: mortgage of HUF property to the bank.

Are you a karta of the HUF if yes then you can.

Re: mortgage of HUF property to the bank.

Yes you can if you are karta of the family