POA for homeloan
Fastestlane
(Querist) 04 April 2014
This query is : Resolved
Pls someone advise on who should retain original POA document given for homeloan in sbi format.
Sbi refuses to return original POA but whatever little I know, legally original poa document should always be with the person to whom it's been given
Highly appreciate your advise and time
Thanks in advance
Devajyoti Barman
(Expert) 04 April 2014
POA for home loans??
Give background facts.
Fastestlane
(Querist) 04 April 2014
Thanks for the reply.
I have given poa to my brother for a flat I recently bought and got sbi homeloan
Sbi RACPC retained the original POA doc during loan processing and refuses to return
I believe that POA doc will be required later to complete various other legal formalities like municipality, registration, mortgage etc where a photocopy will not be accepted hence bank should not keep original POA doc
Fastestlane
(Querist) 04 April 2014
Sorry, wrongly selected resolved status
Advocate. Arunagiri
(Expert) 04 April 2014
If the POA is given at the request of the bank as per their format, the bank will not return that.
If you have given a GPA for various other purposes and registered it, you can take it back, after providing a certified copy.
Devajyoti Barman
(Expert) 04 April 2014
Yes apply for its return on giving photocopy or certified copy.
Rajendra K Goyal
(Expert) 04 April 2014
If it is specific POA for loan, Bank may retain it, you can get attested copy and acknowledgement for it. No use to keep it with you. Bank would return it on repayment of loan.
GPA should be returned.
ajay sethi
(Expert) 04 April 2014
agree with experts
Fastestlane
(Querist) 07 April 2014
i really appreciate everybody's time and the valuable advise.
could anyone please share a GPA format if possible?
Thanks in advance
Devajyoti Barman
(Expert) 07 April 2014
welcome..but I regret formats are not supplied here.
