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Rafidain Bank: loan requirement of "50" million prevent the sale of real estate
He said Bank of Iraq, Wednesday, not permissible to transfer the ownership of the property for the benefit of the citizen only after the payment of the obligations of financial - related loan 50th million dinars .
The Bank of Iraq in a statement news received " Economy News " a copy of it, that " the conditions for the granting of loans to citizens , which amounting to 50 million dinars for the purposes of construction in the area of the land of fifty meters is that it is not permissible to transfer the ownership of the property or conduct any actions of legal only after the payment of all obligations towards the bank or obtain approval on it . "
He added the statement that " the borrower to use the loan for the purpose for granted the sake and in the case of breach of this is the loan due performance " , referring to it " is an insurance on the life of the borrower with the company Insurance National in favor of the bank and prove that the contract of the loan and under the guidance the amount of administration of the General Bank 's ".
He explained that " regulates holding a special between the bank and the citizen under the contract of the loan are met fee stamp as controls legal ."
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He said Bank of Iraq, Wednesday, not permissible to transfer the ownership of the property for the benefit of the citizen only after the payment of the obligations of financial - related loan 50th million dinars .
The Bank of Iraq in a statement news received " Economy News " a copy of it, that " the conditions for the granting of loans to citizens , which amounting to 50 million dinars for the purposes of construction in the area of the land of fifty meters is that it is not permissible to transfer the ownership of the property or conduct any actions of legal only after the payment of all obligations towards the bank or obtain approval on it . "
He added the statement that " the borrower to use the loan for the purpose for granted the sake and in the case of breach of this is the loan due performance " , referring to it " is an insurance on the life of the borrower with the company Insurance National in favor of the bank and prove that the contract of the loan and under the guidance the amount of administration of the General Bank 's ".
He explained that " regulates holding a special between the bank and the citizen under the contract of the loan are met fee stamp as controls legal ."
[You must be registered and logged in to see this link.]
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