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Intellectual Property System


India continues to be placed on the Priority Watch List under the US Special 301 on account of USA’s assessment of Indian IPR protection being inadequate. The Special 301 Report issued by the United States under their Trade Act of 1974 is a un


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Home loan surrender - property dispute

Posted by Member (Account Deleted)



Hi -

I have a home load that's on my and my mother in law's name. The property also has my and my mother in law's name in documents.

Due to domestic violence I have stopped living with my husband and his family and I am not paying the loan installments (My husband is paying it) I would like to surrender the loan to bank so that I dont have any liability on my name but the bank tells me that they would need signatures of my mother in law as well to initiate voluntary surrender. Is that true ? When we took the loan it was only my documents that were used in loan application and my name is registered as primary loan applicant.

If my mother in law doesn't want to surrender the loan and its only me who wants to surrender how can I make this happen ?

please suggest.

thanks.


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Updated on : 20/01/2017 00:12:01

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