NHB advises the Primary Lending Institutions to submit Passport details for refinance assistance

Apr 17, 2019 | by Avantis RegTech Legal Research Team


The National Housing Bank (NHB) has advised the Primary Lending Institutions (PLIs) to submit a certified copy of the passport of their Promoters or Directors and other authorized signatories of the Companies while applying for refinance assistance from NHB.

In case PLIs having existing exposure to the refinance facility of the Bank on the date of the Circular, all such refinance clients are also advised to submit the passport details to NHB latest by April 30, 2019.

In cases, where the concerned person does not have a passport, PLIs should ensure that a certificate in the form of declaration that he does not possess passport has been obtained in lieu of passport details and the same is submitted to NHB within the aforesaid timeline.

[Refinance Circular No. 02 / 2018-19]

Click here to download the Circular.

 


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