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Whether for taking loan notary agreement from heirs is required?


10-Feb-2023 (In Documentation Law)

After husbands demise, wife given full nomination. Share certificate is transferred in her name. now she has sold her flat and registration done. now for taking bank loan whether other heirs' notarized declaration required?

Answers (1)

Answer #1
739 votes
Your query is not clear as to who has to take bank loan and on which collateral security. A loan is an individual contract with the financing organisation unless the collateral security being offered is being held jointly with other persons.

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