Hand over original paper
P K SAHOO
(Querist) 06 November 2014
This query is : Resolved
Dear Team
both borrowers are death and property is name of applicant(mother) and applicant and co-applicant(father) are death in 2010. now the son closed the loan and asking for hand over the all original papers from bank. loan is closed in books. the son has mutated the name in said property in his name. now the son approached the bank to hand over the property paper of said property.
how we hand over the original paper without legal heir certificate.
kindly suggest us.
Sailesh Kumar Shah
(Expert) 06 November 2014
what is the hurdle to obtain legal heir certificate ?
Rajendra K Goyal
(Expert) 06 November 2014
If you are a creditor / banker, obtain all documents applicable in case of payment of balance in deceased account with necessary alteration in the language from all legal heirs and deliver the documents on acknowledgement.
SBI has separate set of documents to be executed applicable in such case.
ajay sethi
(Expert) 06 November 2014
if loan has been repaid hand over original documents to son on furnishing indemnity bond
malipeddi jaggarao
(Expert) 07 November 2014
Yes, what is the hurdle for giving legal heirship certificate? What are the other legal heirs? Simply you have cleared the loan, bank will not give you the original documents without the consent of other legal heirs. If you are guarantor, the situation is different. Hence come with full facts. A liability of say Rs.5 lakhs is cleared and the property is of value of Rs.50 lakhs. Will the other legal heirs keep quite if the documents are handed over by the Bank to you?
T. Kalaiselvan, Advocate
(Expert) 11 November 2014
