Legal Question in Banking Law in India
Is there any law that lender will not allow to gift deed,if there is home loan against the said property
Asked on 10/28/16, 9:27 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
29.10.2016
Dear Sir / Madam,
Yes, the lending bank or institution is legally entitled to object the borrower from making a Gift Deed of the loaned property.
Regards,
Answered on 10/28/16, 6:57 pm
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