TRIPARTITE TRANSFER OF A HOME LOAN ON RESALE
Agreement date: __________
Outgoing allottee: __________, __________. Incoming allottee: __________, __________. Promoter: __________, __________.
Project: __________. Unit: __________, __________ - __________.
Original booking price: __________. Paid to promoter: __________. Promoter balance: __________.
- OUTGOING LOAN
Outgoing lender: __________. Loan reference: __________. Payoff amount: __________, valid until __________.
- INCOMING FINANCE
Incoming lender: __________. Sanction: __________. Disbursement route: __________. Details: __________.
- DOCUMENTS
Original-document route: __________.
- PROMOTER
Promoter confirmation: __________.
- SECURITY
Outgoing charge release: __________. Incoming security: __________.
- FAILURE
Failure/reversal: __________.
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.
- EXECUTION
Outgoing allottee: __________
Incoming allottee: __________
Promoter: __________
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.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to __________. The record-holder should acknowledge and respond within 30 days.
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.
Personal-data instruction: __________.
Record-holder: __________