Lien letter

[Nitin Singal]

Guys

For what and when the lien letter is needed. Please throw some
insight.

Regards
Nitin

[Samir Gupta]

Once you will get the loan approval your bank will give you a letter which saying that you are taking loan from ABC bank/institution. This is to be just an information to DDA and to be submitted @ INA office counter no. 4.

Regards

Samir

[rakesh kumar]

once a lien is marked on any  property.it is an intimation that the same is being mortagaged against loan and cannot be sold without noc from the loan provider unless lien hasnt been removed

[Tarun Kassana]

Hi All,

Has any of you got loan from ICICI ? My employer has a corporate tie up with them so I have got the loan sanctioned from them @10.25

Now the people here at ICICI are not aware of the lien letter format, so can I use the one given by sbi with modifications. Also they are asking for permission to mortgage from dda, now will this acknowledgement from dda suffice ?

Regards,

Tarun Kassana

Sent from my iPad

[Rohit Kumar]

Yes it will, it a intimation/permission from DDA.

[Sam II]

Nitin
If you apply for Home loan, Lien letter needed, basically a format provided by bank which is acknowladged by DDA and needs to be submitted at bank at the time of documentation/disbursment

On Thu, May 31, 2012 at 8:01 PM, Nitin Singal <nitins...@gmail.com> wrote:

[Samir Gupta]

Its the requirement from the bank giving loan. I think if icici don't want then its not required.

Or to be on safer side you can use the format of any bank.

Regards
Samir Gupta
Sent from BlackBerry® on Airtel

---

From: Tarun Kassana <tarunk...@gmail.com>

Sender: dda-...@googlegroups.com

Date: Thu, 31 May 2012 20:44:09 +0530

To: dda-...@googlegroups.com<dda-...@googlegroups.com>

ReplyTo: dda-...@googlegroups.com

Subject: Re: Lien letter

[rakesh kumar]

every bank has its own format... i too asked from my loan provider to use the one from sbi but they refused it saying its as per bank formalities and my format was even signed and stamped by the bank officials( indiabulls) along with my signatures..

[rakesh kumar]

also permission to motagage means lien only.. submit this format provided by icici to dda they will update their records and give u an acknowledgment. . u thave to submit that acknlgmnt to ur loan provider before disbursement...

[Tarun Kassana]

Does this acknowledgement mention the name of the lender I.e the bank to which lien is being made?

Anybody can share the contents of acknowledgement?

Sent from my iPad

[Pankaj Singh]

Yes it does

~sent from my android smart phone

[rakesh kumar]

no there is no bank name mentioned on the ack slip.. it has only sibject and recpt no.. ur name..file no etc... i think they just mark in thier records that ur property is being mortaged or lien agnst loan from xyz..

[PM]

It is not just marking of lien. There is no name in the ack, but the
application form must have the Agency/bank name.
DDA will put the lien in favor of the loan agency.
At the time of execution of sale deed, DDA will hand off the paper for
registration to the representative of the Agency only (not you).
So, be careful while giving lien application to DDA.

thanks
Pardeep

On May 31, 9:08 pm, rakesh kumar <rakesh.kumar...@gmail.com> wrote:
> no there is no bank name mentioned on the ack slip.. it has only sibject
> and recpt no.. ur name..file no etc... i think they just mark in thier
> records that ur property is being mortaged or lien agnst loan from xyz..

> On 31 May 2012 21:33, "Pankaj Singh" <coolpan...@gmail.com> wrote:
>
>
>
>
>
>
>
> > Yes it does
>
> > ~sent from my android smart phone

> > On May 31, 2012 9:27 PM, "Tarun Kassana" <tarunkass...@gmail.com> wrote:
>
> >> Does this acknowledgement mention the name of the lender I.e the bank to
> >> which lien is being made?
> >> Anybody can share the contents of acknowledgement?
>
> >> Sent from my iPad
>

> >> On 31-May-2012, at 21:24, rakesh kumar <rakesh.kumar...@gmail.com> wrote:
>
> >> also permission to motagage means lien only.. submit this format provided
> >> by icici to dda they will update their records and give u an
> >> acknowledgment. . u thave to submit that acknlgmnt to ur loan provider
> >> before disbursement...

> >> On 31 May 2012 21:18, "rakesh kumar" <rakesh.kumar...@gmail.com> wrote:
>
> >>> every bank has its own format... i too asked from my loan provider to
> >>> use the one from sbi but they refused it saying its as per bank formalities
> >>> and my format was even signed and stamped by the bank officials(
> >>> indiabulls) along with my signatures..

> >>> On 31 May 2012 21:07, "Samir Gupta" <samirgupta...@gmail.com> wrote:
>
> >>>> Its the requirement from the bank giving loan. I think if icici don't
> >>>> want then its not required.
>
> >>>> Or to be on safer side you can use the format of any bank.
> >>>> Regards
> >>>> Samir Gupta
> >>>> Sent from BlackBerry® on Airtel

> >>>> ------------------------------
> >>>> *From: * Tarun Kassana <tarunkass...@gmail.com>
> >>>> *Sender: * dda-...@googlegroups.com
> >>>> *Date: *Thu, 31 May 2012 20:44:09 +0530
> >>>> *To: *dda-...@googlegroups.com<dda-...@googlegroups.com>
> >>>> *ReplyTo: * dda-...@googlegroups.com
> >>>> *Subject: *Re: Lien letter

>
> >>>> Hi All,
>
> >>>> Has any of you got loan from ICICI ? My employer has a corporate tie up
> >>>> with them so I have got the loan sanctioned from them @10.25
>
> >>>> Now the people here at ICICI are not aware of the lien letter format,
> >>>> so can I use the one given by sbi with modifications. Also they are asking
> >>>> for permission to mortgage from dda, now will this acknowledgement from dda
> >>>> suffice ?
>
> >>>> Regards,
>
> >>>> Tarun Kassana
>
> >>>> Sent from my iPad
>

> >>>> On 31-May-2012, at 20:31, rakesh kumar <rakesh.kumar...@gmail.com>

> >>>> wrote:
>
> >>>> once a lien is marked on any  property.it is an intimation that the
> >>>> same is being mortagaged against loan and cannot be sold without noc from
> >>>> the loan provider unless lien hasnt been removed

> >>>> On 31 May 2012 20:07, "Samir Gupta" <samirgupta...@gmail.com> wrote:
>
> >>>>> Once you will get the loan approval your bank will give you a letter
> >>>>> which saying that you are taking loan from ABC bank/institution. This is to
> >>>>> be just an information to DDA and to be submitted @ INA office counter no.
> >>>>> 4.
>
> >>>>> Regards
> >>>>> Samir
>

> >>>>> On Thu, May 31, 2012 at 8:01 PM, Nitin Singal <nitinsinga...@gmail.com

[Pankaj Singh]

In layman's terms...your financer is the owner of the property till you pay off the debt...

[rakesh kumar]

egzactly..