UCBs - Finance for Housing Projects -Disclosure of Information on Mortgage of Property - ആർബിഐ - Reserve Bank of India
UCBs - Finance for Housing Projects -Disclosure of Information on Mortgage of Property
RBI/2009-10/191 October 26 , 2009 Chief Executive Officer Dear Sir / Madam, Finance for Housing Projects – incorporating clause in the terms and conditions to disclose in pamphlets / brochures / advertisements – information regarding mortgage of property to the bank Please refer to para 9 and Annex 1 of our circular UBD.PCB.MC.No. 2 / 09.22.010 / 2009-10 dated July 1, 2009 (Master circular on Housing Finance) regarding precautions to be taken by banks while extending finance for housing schemes.
4. Banks are also advised to ensure compliance of the above terms and conditions and funds should not be released unless the builder / developer / company fulfils the above requirements. Yours faithfully (A.K. Khound) |