NOTICE OF FORFEITURE OF EARNEST MONEY
Notice date: __________
- 1. ALLEGED DEFAULT
- 2. SELLER READINESS
- 3. OPPORTUNITY TO CURE
- 4. FORFEITURE POSITION
- 5. EXCESS
This notice states the seller's claim and does not convert a disputed forfeiture into an adjudicated entitlement.
- 6. SIGNATURE
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to issue and retain the seller's reasoned earnest-money forfeiture claim following an alleged buyer breach, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.
If the transaction is abandoned without a completed settlement, personal data will be retained for 90 days from that decision and then erased. If a cancellation, refund or settlement is completed, the record will be retained for that matter plus 12 months, except where a statute requires a longer named retention period.
Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials, and none should be written into it. Use only transaction references and identity particulars genuinely required for the stated purpose.