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house loan: bank legal opinion


Dear All,

Recently I have taken loan from AXIS bank and they have approved the loan and disbursed also.

Can I request BANK lawyer's copy of Legal opinion of the property from BANK?

This is for my reference and records only.

Thanks & Regards,

Sastry.

 
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Student

Dear Mr.Sastry,

There is no bar that bank should not provide you with the Lawyers property search report.  As a matter of fact usually what the Banks are usually doing is to maintain a panel of Advocate who go,verify and submit property report whereater the loan is disbursed.  

I hope this clarify your query.

Thanks and best regards

Daksh


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Thank you, Mr. Daksh.

I shall approach bank and request for the same.

Regards,

Sastry.

 
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Advocate

You may try and you will be lucky if you get the Legal scrutiny report from the bank.  There is no obligation for the bank to furnish you the confidential report on scrutiny of documents submitted by their panel lawyers.


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