Remedy if Loan Agreement denied by the party who took loan
03-Oct-2023 (In Banking / Finance Law)
I am loan officer in a pvt company. I gave a mortgage loan to a customer with co applicant his son. After 4 months he refuse to pay loan installment and say "agreement pr mere sign nhi he or mere loan officer ne farzi sign kiye he. " then he write a complain to police station and also do complain to police commissioner now thanedar called me for forensic signature test. What should i do
Send the legal representative of your company along with the certified copy of the loan agreement. Also take the copies of the receipts of all the EMIs that have been deposited by him. Provide these copies to the concerned police officer along with an application in order to prove that the loan agreement was a valid one.
If the process is genuinely follow than need not to worry. Follow the legal process and cooperate with police. Their is a chain of process to issue a loan and being loan officer you need not to worry about. Please transfer for take a suggestion for process by your legal department. They will handle the task for further assistance.
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