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Occupation certificate & mortgaged

(Querist) 27 April 2012 This query is : Resolved 
Respected Sirs,

Can a Bank provide loan on a Flat which is located in building without Occupation Certificate.
ajay sethi (Expert) 27 April 2012
no bank will do it for simple reason that without OC registartion is not done for flat
Devajyoti Barman (Expert) 27 April 2012
Whee is the flat located?
In WB no such requirement is there.
ajay sethi (Expert) 27 April 2012
in mumbai it is mandatory . you produce OC or Building completion certificate
Suhail A.Siddiqui (Expert) 27 April 2012
OC is mandatory but banker can favour.
Kiran (Querist) 28 April 2012
Respected Sirs ,

Flat is in Mumbai (Maharashtra),

Sir u said banker can favour, Can we take legal action against the bank coz the loan was sanctioned by bribing them heavily.
ajay sethi (Expert) 28 April 2012
if building does not have OC or BC it means it must have failed to comply with BMC norms . generally bank wont touch such property

if bank has give loan it is bank headache . you have to check whether any internal norms has been laid down by bank for sanctioning loan .

lodge complaint aginst lon sanctioning officer with the MD
prabhakar singh (Expert) 29 April 2012
""Can we take legal action against the bank coz the loan was sanctioned by bribing them heavily.""
Saying so is commission of crime????
Shonee Kapoor (Expert) 01 May 2012
It is the descrition of the bank.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com


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