Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

venkatasivaram   05 March 2019

Death of a loan taker

Dear Sir,

              I have guaranteed a loan to another person. But the Loan taker has died. i have not given any documents except my Income Tax Return Copies for the Guarantee. what is my position now.. please help me..



Learning

 1 Replies

Shashi Dhara   05 March 2019

They. Issue noticeto repay loan for lrs ofdeceased .then afterwards urs term if they refuse to clear loan.or they may proceed against u after.cleRance of loan u can file suit for recovery of loan against lrs of deceased .

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register