Can NPA be written off? No, Non-Performing Assets (NPA) cannot be written off completely. However, they can be resolved through various methods such as recovery, restructuring, and settlement. Recovery: Banks can initiate recovery proceedings against the borrower to recover the … Read More
Yes, it is possible to get a loan after having an NPA (non-performing asset) account. However, it may be difficult as having an NPA account reflects poorly on your creditworthiness and financial stability. To increase your chances of getting a … Read More
Yes, a private investigator can obtain bank records through legal means, such as a subpoena or court order. However, it is important to note that accessing someone’s bank records without their consent or a legal basis can be considered illegal … Read More
Yes, a realtor can ask for bank statements from a client, but only under certain circumstances. One such circumstance is when the client is applying for a mortgage or looking to purchase a property. In this case, the realtor may … Read More
Yes, a usufructuary can mortgage the property. Usufructuary: A usufructuary is a person who has the right to use and enjoy someone else’s property, but does not own it. They can use the property for a specified period or until … Read More
Yes, bank routing numbers can have leading zeroes. The routing number is a nine-digit code used to identify financial institutions in the United States, and it is assigned by the American Bankers Association (ABA). Here are some key points to … Read More
Can Banks Charge Overdraft Fees On Pending Transactions? Yes, banks can charge overdraft fees on pending transactions, depending on their policies and the type of transaction. Here are some key points to consider: – Pending transactions are transactions that have … Read More
At what point does a loan go to underwriting? A loan typically goes to underwriting after the borrower has completed the loan application and submitted all required documentation to the lender. The underwriting process involves a thorough review of the … Read More
Yes, a lender can override an underwriter in certain situations. However, it is important to note that underwriters play a crucial role in the lending process and their decisions are based on strict guidelines and regulations. Overriding an underwriter’s decision … Read More
