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Process for release of Original Property documents of the deceased borrower(s) to the legal heirs |
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1. |
Copy of Death Certificate- To be verified with the Original Death Certificate. |
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2. |
Identify Nominee from the Nomination form or |
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3. |
Notarized Legal Heir Affidavit to be taken from all the legal heirs of the deceased Property Owner |
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4. |
KYC Documents of Nominee/all legal heirs- To be verified with the Originals |
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5. |
Authority Letter / POA executed by other legal heirs in favour of one of the legal heir/Nominee to collect the original property papers. |
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6. |
Consent Letter given by all other Co-Borrower/s to handover the original property papers to Nominee/ legal heir of the deceased Property Owner. |
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7. |
Acknowledgement should be taken on the List of Documents handed over to the Nominee/ legal heir of the deceased Property Owner confirming the collection of original property papers. |
