Can private money lender lend mortgage loan
24-Jan-2023 (In Banking / Finance Law)
i am a private money lender in rajasthan having money lending license..i want to know can i do mortgage loan on property...and if the customer not pay my money can i claim on that property
Yes, you can after adhering to certain process as provided under the act even otherwise you can create equitable mortgage by creating memorandum for deposit of title deed, as the law does not bar the creation of equitable mortgage in case of private financiers.
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