Alienation
bsai partish (166 Points)
26 March 2021
meaning of alienation of mortgaged property by bank under reverse mortgage?
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 March 2021
Alienation clause empowers the mortgage lender to demand the outstanding amount from the borrower, in case the borrower is selling the asset or transferring its ownership right to someone else.
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