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LICHFL says payment one day after registration


11-Oct-2023 (In Property Law)
Hello Sir, I have a LIC housing loan for my flat, the buyer also opted for LIC housing loan. LICHFL said they will do NEFT transfer to me (seller) one day after registration is complete so that they will receive registration documents from registrar office and make entry in their system to release funds through NEFT. I have requested for cheque during registration, but they said the process has changed and not agreeing to give cheque. Request your advise. Thank you.
Answers (1)

Answer #1
529 votes
Once the document is registered then it means that you have received the amount. There is a clause in the sale deed which mentions about the payment already made. Let the lichfl give it in writing with regard to the payment.
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