Legal Question in Banking Law in India
guarantor died 2010 and loan borrower was died in 2015 my question is after deth loan ammount who paid and house will be directly given to his wife and loan ammount will be zero by bank whithout any paid
Asked on 10/13/15, 1:39 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
13.10.2015
Dear Sir / Madam,
The loan amount will be repaid and settled from the estate of the deceased borrower. The wife and children of the deceased loan borrower remain liable to repay and settle the outstanding loan amount to the Bank.
Regards,
Answered on 10/13/15, 4:32 am
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