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Statutory protection given to the paying banker is insurance against fraud for the depositors at a given bank. A member of the F.D.I.C. will insure the assets of a depositor up to a certain amount. Usually this amount is $50,000 or less depending on the type of deposit accounts affected.
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Explain the provision to statutory reserve given is the banking regulation act?
15 percent of profit after tax.
How does a home forclosure effect your credit rating?
A Foreclosure is a legal process through which a banker tries to recover the outstanding loan dues from a home loan borrower, who has defaulted in making payments to the banker. The banker will realize the dues by forcing the sale of the asset, given to the banker as a collateral security for the loan. A banker or the mortgagee as he is called in banking parlance, obtains a termination of a mortgagor, equitable right of redemption, either by court order or by operation of law after following a the prescribed statutory procedure in this regard.The foreclosure process is normally applied to residential mortgage loans given by a bank repossessing the immovable property after the owner has failed to repay the loan arrears to the lender as agreed originally upon. When the process is complete, the banker can sell the property and keep the proceeds to pay off its mortgage loan dues and legal costs, if any.Since foreclosure is resorted to after the borrower defaults in his payment, the credit rating of the borrower is adversely affectd. This will impact badly the borrower's loan payment record , also called CIBIL report, and he may find it difficult to get loan from banks in future. So it is always better to pay the bank dues on due dates without fail, to keep our records clean and pure.M.J. SUBRAMANYAM, XCHANGING, BANGALORE
What is SEBI?
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in the year 1988 and given statutory form in 1992.
What is a settlement?
A settlement (given the category of the question) - is paying off the whole outstanding balance of a loan, overdraft or credit card.
What is Inland letter of credit?
Inland Letter of Credit is issued to meet out the credit requirement for domestic trade. This is a form of no fund based credit extended by the banks. This is given to he seller of the goods on behalf of the buyer by the bank where the buyer deals. It offers the comfort of obligation from the banker to the issue of the Inland letter of credit that they undertake to make good of the loss. If any in the case of non payment of the amount as accepted by the buyer. As such the seller of the goods can take finance by tendering the bills along with the ILC to his banker before the proceeds are realized.
Should all or any of the conventions of the constitution be given statutory force?
Yes, all the conventions of the constitution can be given a statutory force. This is because of the powers that the constitution provides.
What is the statutory rights in Michigan?
Statutory rights are rights given to individuals or citizens by laws that are written and enacted by the legislature.
Is banker capitalized?
No. t is a common noun, unless used otherwise in a given situation.
What are the difference between statutory and regulatory?
Statutory refers to laws passed by the state of federal government. Regulatory means a rule issued by some agency that the government has given authority to regulate an industry.
Explain the provision to statutory reserve given is the banking regulation act?
15 percent of profit after tax.
What protection is given to the wildlife in the antarctic?
201546894
How does a home forclosure effect your credit rating?
A Foreclosure is a legal process through which a banker tries to recover the outstanding loan dues from a home loan borrower, who has defaulted in making payments to the banker. The banker will realize the dues by forcing the sale of the asset, given to the banker as a collateral security for the loan. A banker or the mortgagee as he is called in banking parlance, obtains a termination of a mortgagor, equitable right of redemption, either by court order or by operation of law after following a the prescribed statutory procedure in this regard.The foreclosure process is normally applied to residential mortgage loans given by a bank repossessing the immovable property after the owner has failed to repay the loan arrears to the lender as agreed originally upon. When the process is complete, the banker can sell the property and keep the proceeds to pay off its mortgage loan dues and legal costs, if any.Since foreclosure is resorted to after the borrower defaults in his payment, the credit rating of the borrower is adversely affectd. This will impact badly the borrower's loan payment record , also called CIBIL report, and he may find it difficult to get loan from banks in future. So it is always better to pay the bank dues on due dates without fail, to keep our records clean and pure.M.J. SUBRAMANYAM, XCHANGING, BANGALORE
What year was the kiwi given government protection?
1991
Is there any protection given to the African elephants?
yes
Why are you being evicted if im paying rent?
To evict people from a given house in which they are paying rent, you have to give them a 3-month written notice.
Why is tidilan tablet given during pregnancy?
for uterus protection
Date of receip of appplication?
Date of receipt application is the date that a given receipt is given to a person after paying for certain goods or services.
