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Loan defaulter rights: Defaulted on a home or car loan repayment? Here are 4 loan defaulter rights you should know


Synopsis
To safeguard the interest of the borrowers RBI has introduced a Fair Practices Code. The right to humane treatment requires that borrowers be treated with dignity.
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In case of default on repayment of a secured loan like a home or car loan, the biggest worry of a borrower is that they would have to part with the financed asset like the house, car etc. However, borrowers should know that even upon default, they have certain basic rights which cannot be overlooked by the lender.
Here is a look at 4 important rights that defaulting borrowers have.
Right to adequate notice ....

Mani Gupta , Sonam Chandwani , Ks Legal Associates , Sarthak Advocates , Managing Partner , Debt Recovery Tribunal , Banking Ombudsman , Fair Practices , மணி குப்தா , சோனம் சந்த்வானி , க்ச் சட்டப்பூர்வமானது கூட்டாளிகள் , சர்தக் வக்கீல்கள் , நிர்வகித்தல் கூட்டாளர் , கடன் மீட்பு தீர்ப்பாயம் , வங்கி ஆஂபட்‌ஸ்மந் , நியாயமான ப்ர்யாக்டிஸஸ் ,

Sarthak Advocates & Solicitors Takes Another Step Towards Promoting Mental Well-Being At The Workplace

Sarthak Advocates & Solicitors Takes Another Step Towards Promoting Mental Well-Being At The Workplace
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.

Mani Gupta , Satyajit Gupta , Firm Partner , Sarthak Advocates , Mindful Business , மணி குப்தா , சத்யஜித் குப்தா , நிறுவனம் கூட்டாளர் , சர்தக் வக்கீல்கள் , கவனத்துடன் வணிக ,