Return asset papers within 30 days of loan repayment, says RBI

shaktikant das




NEW DELHI: The Reserve Bank of India (RBI) on September 13 said regulated entities have to release original property documents to retail loan borrowers within 30 days of full repayment, and any delay would attract a penalty. This would include consumer credit, education loans, loans given to create or enhance immovable assets and loans for investment in financial assets like shares, debentures and others. 

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