Defaulted on your loan? Know when banks can seize your property and what recovery agents cannot legally do
· livemint.com
Missing a loan EMI does not give banks unlimited powers to seize assets or let recovery agents harass borrowers. Here’s what banks can legally do after a default and what borrowers can do if recovery agents cross the line.
Borrowing has become an integral part of household finances, whether it is to buy a home or vehicle or meet short-term expenses through personal loans and credi...