The document is a no objection certificate from legal heirs allowing an individual to mortgage a property to PNB Housing Finance Limited for a loan. It states that the individual owns the property, the legal heirs have no objection to the property being mortgaged as collateral, and that in the event of default PNB Housing Finance Limited has full rights to sell the property under applicable laws without any objection from the legal heirs.
The document is a no objection certificate from legal heirs allowing an individual to mortgage a property to PNB Housing Finance Limited for a loan. It states that the individual owns the property, the legal heirs have no objection to the property being mortgaged as collateral, and that in the event of default PNB Housing Finance Limited has full rights to sell the property under applicable laws without any objection from the legal heirs.
The document is a no objection certificate from legal heirs allowing an individual to mortgage a property to PNB Housing Finance Limited for a loan. It states that the individual owns the property, the legal heirs have no objection to the property being mortgaged as collateral, and that in the event of default PNB Housing Finance Limited has full rights to sell the property under applicable laws without any objection from the legal heirs.
I ___________________________________aged about _______________________________, R/o____________________________________________________________________
Here by declaring this no objection certificate that:
That my __________________________ namely ____________________________ is the
owner of Property bearing Arazi No_____________________________________________
1. Hereinafter referred to as the “said property”.
2. That by virtue of proposed registered Sale Deed Will be executed by
________________________________ 3. That _______________________namely ________________________have applied for loan to PNBHFL against mortgaging the said property.
4. That I have no objection or claim for mortgaging of the said property in
favour of PNB Housing Finance Limited. 5. That in the event of default, whatsoever, The PNB Housing Finance Limited shall have full rights to acquire/auction/sell the aforesaid property to any one or under SARFAESI Act or any other law time being in force, and in that case I have no objection, right or claim in any manner whatsoever.
6. That I have disclosed all complete/relevant information to the PNB
Housing Finance Limited and has/have not concealed any relevant information and facts in any manner whatsoever.