[Resolved]  HDFC Bank — Property papers not being released after prepayment of Loan

Address:

Jaipur, Rajasthan

Please refer my Loan Account numbers 2548654 and 63247511.

Both the above loans were taken as mortgage against my residential property. At the time of the loan the property was jointly owned by Me (Ajay Raina) and my Brother (Amit Raina), hence the loan was taken as a Joint Loan in the names of Amit Raina and Ajay Raina.

Later on in a mutual agreement the property was registered in my name and the subsequent registry depicting my sole ownership of the property was deposited with HDFC bank along with a letter claiming sole proprietary of the property mortgaged with the bank and also depicting my sole responsibility for repayment of the loan. The payments of the installments also were transferred to my personal account and have been paid from my personal account with HDFC since last one year. I was also assured that the loan had been transferred to my name.

Recently I went to the bank for foreclosure of the said loans and received a letter depicting my full outstanding with the bank for these two loans against which I made the necessary payments. Now when I requested for the papers of my property the bank is refusing to hand over the same. The reason cited is that there is some outstanding in the name of Amit Raina for a personal Loan he had taken from Centurion Bank for which I am not responsible or liable. No information of any sort was given to me for this outstanding when I requested the foreclosure details, or even when I paid the mortgage dues.

I have paid fully for the mortgage loan taken against my property and the bank is liable to return the property documents. They can not with hold my documents for some other loan which was not taken against my property papers.