Mistake in address in sanction letter done by bank
9 months ago
Bank has made mistake in address in sanation letter. In both sanction letter and mortgage letter address are different. Means letter mistake. So bank can seal the property or not ?
A.Dear Client,
When the mistakes are committed by the Bank, let them rectify their mistakes. You just bring the mistakes to the notice of the Bank. Since both documents are generated from the end of the Bank and it will not affect the contents of your property deeds based on which they will process the matter if the loan is not repaid marking the loan as NPA. In case of default in repayment of the said loan as per the condition of repayment, Bamk/FI starts a routine course of action permitted under relevant laws for recovery of debt lying outstanding against the Borrower.
When the mistakes are committed by the Bank, let them rectify their mistakes. You just bring the mistakes to the notice of the Bank. Since both documents are generated from the end of the Bank and it will not affect the contents of your property deeds based on which they will process the matter if the loan is not repaid marking the loan as NPA. In case of default in repayment of the said loan as per the condition of repayment, Bamk/FI starts a routine course of action permitted under relevant laws for recovery of debt lying outstanding against the Borrower.
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A.Dear client,
The boundaries will take precedence over the address or other information. If the Bank has the title deeds to the subject property, the harmed party may still get a stay by submitting a petition to the DRT or High Court.
The boundaries will take precedence over the address or other information. If the Bank has the title deeds to the subject property, the harmed party may still get a stay by submitting a petition to the DRT or High Court.
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A.Dear Sir,
The boundaries will prevail over the property number or other details. If the Bank is having title deeds in respect of said property but the aggrieved person may get a stay by approaching DRT or High Court.
The boundaries will prevail over the property number or other details. If the Bank is having title deeds in respect of said property but the aggrieved person may get a stay by approaching DRT or High Court.
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