636+ Lawyers are online 
Nationalised bank illegally rejects RML application, what legal action
27-Jun-2023 (In Banking / Finance Law)
Can nationalised banks reject Reverse mortgage loan based on low CIBIL score, when National Housing Bank circular and Rajya Sabha notice says it is irrelevant and the loan is granted to meet financial needs of senior citizens in their hard times.Moreover in RML there is no scope of repayment till borrower's death, so what is the use of CIBIL score in this regard? What action can be taken against such banks on legal grounds ?
In RML there is every scope of repayment by the borrower, sir I believe you are a senior citizen get your facts correct, though your contention is right that whether you CIBIL score is low or not it shall not matter. However which bank are you talking about? What I can do is get your RML Done as every work needs a
Push. Contact me for further details through Lawrato.
Push. Contact me for further details through Lawrato.
Helpful?
16+
16+
Adv. Rahul Uday Singh
Kolkata | 200+ Answers
Chat
MY OPINION THAT I have follow your submission and i think that you have raised very valid topic /topics which has /have to be legitimate in question /questions in respect of senior citizen context , have so many legal grounds to be defend and /or in context of the issues of low scores of CIBIL use ,there are so many legal action /actions to be defend.
Helpful?
19+
19+
Adv. Ranabir Banerjee
Kolkata | 200+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Banking / Finance lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
