HOUSING LOAN DEFAULT BY PRINIPAL BORROWER HOUSING LOAN DEFAULT BY PRINIPAL BORROWER

HI SIR I M A GUARANTOR OF ONE OF MY RELATIVE FOR HOUSING LOAN HE IS DEFAULT FOR PAYING EMI SINCE LONG NOW BANK NOT ATTACHING HIS MORTGAGE HOUSING LOAN PROPERTY BUT ISSUE A NOTICE AND FILE SUIT FOR SAM

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Posted 5 months ago


A. Hello Sir
As guarantor you are liable to pay the money to the bank in case the principal debtor makes a default in payment. But you have a right to claim the money you have paid as a guarantor from the relative. Also if the bank is not attaching the mortgage property then contact the bank and contact senior officers to look in this regard.
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I have done Credit card transaction for a particular Bank but I believe the transactions arë hyped pertaining to transactions done by me. I have done Credit card transaction for a particular Bank but I believe the transactions arë hyped pertaining to transactions done by me.

I have done Credit card transaction for a particular Bank but I believe the transactions arë hyped pertaining to transactions done by me. can Someone Guide me if I can File RTI to get details of my C

2 Response(s)

Posted 5 months ago


A. Hello,
could you perhaps explain what you mean when you say the transactions are hyped? If you discover a transaction mistake or that too much money has been spent, contact your local bank branch. If the bank refuses to provide information, you have the option of filing an RTI.
Thank you very much.
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Loan default by Loan Borrower Loan default by Loan Borrower

I have placed my self Guarantor to one person for personal loan from Bank and he has not paid the amount and now bank has blocked amount in my bank account. Bank is insisting to pay me the balance amo

3 Response(s)

Posted 5 months ago


A. Hi,
In case the primary borrower defaults on loan repayment, the liability to pay the outstanding amount falls on the guarantor of the loan. The guarantor can face legal action for non-payment of the outstanding loan amount. It is advised that you settle the loan with the bank.
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Joint ownership of bank account Joint ownership of bank account

My mother was mentioned as Joint account holder by her father in his savings account which is also linked to three deposits, Unfortunately her father passed away recently.She has a brother who stays o

3 Response(s)

Posted 5 months ago


A. Hello
After the death of your mother's father your mother would be the owner of that bank account as it was in her name as well. Also she could contact the bank branch and transfer all the amount in her personal bank account. Also her brother cannot claim any amount.
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Latest Response 5 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Advocate  Anik

Advocate Anik

Advocate Sinjari  Bandyopadhyaya

Advocate Sinjari Bandyopadhyaya

My father in law has signed as guarantor for a loan which was taken by his previous driver long back. My father in law has signed as guarantor for a loan which was taken by his previous driver long back.

My father in law has signed as guarantor for a loan which was taken by his previous driver long back.he has left the job long ago and now he is not paying the loan back.The bank has asked my father in

3 Response(s)

Posted 5 months ago


A. Dear Sir/Mam,
Your father in law is liable to pay the loan which is outstanding as he is a guarantor of his driver.
Bank will take serious action against your father in law if he does not reply to them on time. OR Bank can also file case against your father in law to recover the loan amount as he is liable to pay. If your father in law pays off the outstanding liability to the bank, then, he has the right to recover the same amount from the driver by firstly sending the legal notice and then i ...ReadMore

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Advocate  Anik

Advocate Anik

Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

how to remove boja(loan) from 7/12 how to remove boja(loan) from 7/12

boja on the land from 2002 so I want to remove the loan and the bank is not exist now on our city what is the process to remove this boja amount

6 Response(s)

Posted 5 months ago


A. Visit any branch of the said bank which has sanctioned the loan over the land and discuss in detail about the said loan and find out from to whom you can contact. If there is any outstanding amount left, then, repay that amount and get the NOC from the said bank. When all these paperwork is done, your loan will be over and you are free.

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

Advocate  Anik

Advocate Anik

Adv.Swapnil  Patil

Adv.Swapnil Patil

Bankers Cheque Bankers Cheque

I have HDFC account. recently filled claim form after my father's death. he had a SBI account for which I was the nominee.after the process I received the banker's cheque. I wanted to know which b

5 Response(s)

Posted 5 months ago


A. Dear Sir,
You have to file a civil suit to claim such amount. You being the nominee entitled to recover such proceeds of the cheque. You must approach SBI Bank first and if rejected then approach HDFC Bank and get endorsements from both the banks.

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Rule for fixed deposit account inheritance Rule for fixed deposit account inheritance

I (son-in-law) have made a number of fixed deposit accounts (from my salary savings) in various nationalized banks with my Mother-in-law as first holder, me as the second holder and my wife as the thi

5 Response(s)

Posted 5 months ago


A. Hi,
Your mother-in-law has the legal authority to make a will giving all of her assets to your wife. If she dies without leaving a will, her estate will be distributed according to the laws of inheritance and succession.
Thank you very much.

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Latest Response 5 months ago
Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

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Advocate  Anik

Advocate Anik

Kishan Dutt Kalaskar Retired Judge

Kishan Dutt Kalaskar Retired Judge

Abhimanyu  Shandilya

Abhimanyu Shandilya

Illegal transfer of funds from father account Illegal transfer of funds from father account

My Father passed away on 16th Mar 2021, He has three son and he has 6 fixed deposits in the bank on which he made his sons nominee on 2 Fixed deposit to each son. Now, before the demise of the father,

5 Response(s)

Posted 5 months ago


A. Dear Sir,
You may immediately lodge a complaint against the elder son of deceased father and also file a civil suit claiming a share those fixed deposits and other amounts withdrawn by him without the knowledge of your father who was not in a position to know for what purpose he has signed the documents.

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CLAIMING SHARE IN THE FATHER FIXED DEPOSIT AFTER HIS DEMISE CLAIMING SHARE IN THE FATHER FIXED DEPOSIT AFTER HIS DEMISE

THERE ARE 02 FIXED DEPOSIT OF THE FATHER WHO PASSED AWAY ON 16TH MARCH 20201, AND HE HAS THREE SONS. ON THESE 02 FIXED DEPOSITS ELDEST SON IS THE NOMINEE, THERE ARE NO WRITTEN AGREEMENT / AND ON WIL

6 Response(s)

Posted 5 months ago


A. Dear Sir,
Normally, and always the Banks prefer to give the amounts to the nominee. Nominee is only a Trustee and he has to distribute the amount among all the legal heirs as per Section 8 of Hindu Succession Act as per the terms of Will if terms of Will are not clear then Section 8 will come into picture. Thus, both of you will share equally if you go to the Civil Court.

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