Continue Loan Car Agreement Sample
2) inform the bank of the sale of the car. the credit can be transferred with the agreement of the bank in favor of the buyer The loan agreement and the registration of the transfer or handover of possession of the vehicle can help you to free yourself from the accident or any other liability. Remember that the bank still owns the vehicle until the loan is repaid. But once the loan is repaid, the property goes first to the seller, since the vehicle is registered in his name. Now that they are dead and they cannot transfer title to the car to you, their family automatically gets ownership of the car. Do you remember how the vehicle is registered under the seller`s name, even after a Sambung Bayian? If you have sold a vehicle to someone who uses Sambung bajon, it means that if the buyer does not pay your loan, you will have to pay for the loan or assume the consequences, which will affect your creditworthiness, which will affect your ability to apply for loans in the future. However, as stated at the beginning of this intervention, this system was considered ILLEGAL by JPJ, in accordance with section 36A of the Trading Act 1967 (Act 212). The Agency has also made it very clear that any agreements or documents signed that participate in the law by both parties are not accepted in the eyes of the law, which makes it completely null and void. 6) You should take legal action to recover the outstanding fees from the buyer if you continue with your agreement NOT IN such an agreement, since the bank is not willing to transfer the loan, do not let your loan or EMIS pay to someone else. As you would leave the country, it is very likely that this person would not pay the loan and would also enjoy the car.
Even as the IME would not be paid, your financial assessment would be enough and you would never be able to benefit from a loan in India. It is best to justify all contributions before departure. The saving grace here is that you can perhaps report it as a case of fraud, as the Ministry of the Interior has previously clarified. They will rely on section 420 of the Penal Code – “Fraud and dishonest performance of the delivery of goods”. This can be used in situations where, for example, someone wants to use Sambung-Bajor to buy your motorcycle and offers RM1,000 as a deposit, but does not pay your loan at all afterwards (to deceive you in the sale for a low bullet price) The usual scenario is that the owner of a vehicle always uses the loan, but maybe you already want to sell the vehicle….