Mortgage loan

Filing of records of equitable mortgages with the Central Registry

RBI/2013-14/369 DNBS.(PD).CC.No.360 /03.10.001/2013-14 November 12, 2013 All NBFCs Dear Sirs, Filing of records of equitable mortgages with the Central Registry The Central Government in exercise of the powers conferred under Section 21 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, has notified on 31st March, 2011 the establishment of… Read More

Tags: 31st March 2011BankCentral bankCompanies Act 1956IndiaMortgage loanNew DelhiRun batted in

Reverse Mortgage (Amendment) Scheme 2013

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) Notification No. 79/2013 New Delhi, the day of 07th October, 2013 In exercise of the powers conferred by clause (XVI) of section 47 of the Income-tax Act, 1961 (43 of… Read More

Tags: Federal Housing AdministrationFinancial servicesGazette of IndiaIndiaInsuranceMortgage loanNew DelhiReverse mortgage

Housing Loan Products from Banks carrying risks :: RBI advises caution

RBI/2013-14/320 RPCD.CO.RCB.BC.No.43/07.51.013/2013-14 October 8, 2013 The Chairman All State and Central Co-operative Banks (StCBs and CCBs) Dear Sir, Housing Sector: Innovative Housing Loan Products Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans… Read More

Tags: BankConstructionIndividualLoanLump sumMortgage loanPublic housingUpfront

RBI warns UCBs against High Risk Innovative Housing Loan Products

RBI/2013-14/268 UBD CO BPD (PCB) Cir. No.17/09.22.010/2013-14 September 17, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Housing Sector: Innovative Housing Loan Products - Upfront Disbursal of Housing Loans Primary (Urban) Co-operative Bank It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with… Read More

Tags: BankCICsConstructionEMILoanMortgage loanPublic housingSchemes

RBI Circular w.r.t. Housing Sector: Innovative Housing Loan Products

RBI/2013-14/247 RPCD.RRB. BC. No. 29 /03.05.33/2013-14 September 11, 2013 All RRBs Dear Sir, Housing Sector: Innovative Housing Loan Products Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the… Read More

Tags: ConstructionIndividualLoanLump sumMortgage loanPublic housingRiskUpfront

RBI observation on Innovative Housing Loan Products – Advises banks on risks

RBI/2013-14/217 DBOD.BP.BC.No. 51/08.12.015/2013-14 September 3, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: Innovative Housing Loan Products Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without… Read More

Tags: BankConstructionLoanLump sumMortgage loanPublic housingRajesh VermaUpfront

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates