BANK PERSONAL LON

Querist : Anonymous (Querist) 27 December 2010 This query is : Resolved
RESPECTED SIR IF ANY PERSON PROVIDE A PAPER TO A BANK FOR PERSONAL LOAN AND BANK STATEMETN IS FROUD (MEANS SALARY FIGURE INCREASED) SO LOAN IS CANCELLED . SO AFTER REJECTION OF LOAN WHAT WILL BE HAPPEN. AND PERSON HOW CAN COLLECT HIS CHEQUE WHICH IS GIVEN TO BANK . BANK CAN CASE ON THE PERSON FOR FROUD BANK STATEMENT

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Advocate. Arunagiri (Expert) 27 December 2010
If the loan is rejected, you can take back the cheques given as a collateral security. But,the banks will collect the cheque only after the approval of the bank loan.

Yes the bank can initiate action for attempting to cheat the bank by providing forged bank statement.