noc from builder

vinay soni (Querist) 02 June 2011 This query is : Resolved
i had purchased a resale flat initially when the society was not formed. I submitted NOC from builder for applying loan. Now i want to transfer home loan fromm hdfc to sbi, i came to know from banks lawyer that builder noc is required to transfer the home loan. since once i already had builder noc for for purchase of flat,then how far it is relevant to ask for noc for loan transfer. Pls advice

Follow Query

Report Abuse

Advocate. Arunagiri (Expert) 02 June 2011
It is not necessary.

PALNITKAR V.V. (Expert) 02 June 2011
If the builder has conveyed absolute title in your favour then NOC from builder is not necessary since society is not yet formed.

Devajyoti Barman (Expert) 02 June 2011
Yes but the problem is some Bank forms its own rules and regulations while disbursing the loan.

vinay soni (Querist) 03 June 2011
Si, at present the society is formed but conveyance deed is yet to be done. Still i need builder noc for loan transfer. Builder is telling that society is formed so he cannot give the noc for loan transfer. but the banks lawyer is insisting on builder noc.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries