Shaziya Khan 16 February 2021
SHIRISH PAWAR, 7738990900 (Advocate) 16 February 2021
Hello,
As per your query your father has applied for loan and he wants to give gifted property as collateral. Now your father is not having any title over property therefore he cannot give property collateral which is already gifted to you.
Shaziya Khan 16 February 2021
Thank you for your reply. But it is Mhada property. Our society secretary said that unless name is not transferred there he can use his documents to get a loan and society also can't stop him. They will have to provide NOC Incase he asks for it. As share certificate is in his name. Will the bank know it's a gifted property unless he informs them? ?
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