TRIPARTITE TRANSFER OF A HOME LOAN ON RESALE
Outgoing allottee: __________, __________. Incoming allottee: __________, __________. Promoter: __________, __________.
- 1. OUTGOING LOAN
- 2. INCOMING FINANCE
- 3. DOCUMENTS
- 4. PROMOTER
- 5. SECURITY
- 6. FAILURE
This agreement coordinates the resale and finance process. It does not itself constitute the outgoing lender's discharge instrument or the incoming lender's mortgage/security document.
- 7. EXECUTION
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to coordinate the lender payoff, promoter substitution, incoming disbursement and document custody for the financed resale, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.
The record will be held by __________ and may be shown only to the allottee, incoming transferee, promoter/developer, authorised broker, lender, advocate, accountant, statutory authority or registration/tax authority directly involved in the stated transfer.
If the proposed transfer does not proceed, the personal data will be retained for 90 days from that decision and then erased. If it proceeds, the record will be retained for the transaction plus 12 months, except for a record that a statute requires to be kept for a longer named period.
Data minimisation: this document deliberately does not require a full Aadhaar number, Aadhaar-card copy, passwords or bank credentials. Identity, PAN and lender information should be collected only where the stated transfer, tax or KYC purpose actually requires it.
Record-holder: __________