Property Verification
Before making a credit decision, it is crucial to check if the loan applicant is involved in any judicial proceedings. An applicant's involvement in legal matters can have a significant impact on their ability to repay the loan. At DHI Verification, we provide comprehensive litigation verification services to assess the litigation history of individuals and advise banks and financial institutions accordingly.
Our litigation verification includes checking for the following:
- Parole status: Verification of whether the applicant is on temporary release from prison.
- Cheque bounce cases: Checking if the applicant is involved in any cases related to bounced cheques.
- Habitual offender status: Assessing if the applicant has a history of repeated offenses.
- Wilful defaulter status: Verifying if the applicant has intentionally defaulted on previous loans.
- Debt Recovery Tribunal (DRT) cases: Checking if the applicant is facing any cases in the DRT.
- Criminal antecedents: Verifying if the applicant has any criminal records.
- Anticipatory bail status: Assessing if the applicant is on anticipatory bail.
- National Company Law Tribunal (NCLT) cases: Checking if the applicant is involved in any cases in the NCLT.
- Property litigation: Verifying if the applicant is engaged in any legal disputes related to properties.
By conducting thorough litigation checks, we help banks and financial institutions make informed lending decisions while considering the potential risks associated with the applicant's litigation history. Our verification services cover the litigation status of individuals on a local, regional, or pan India basis, depending on the requirements of the bank or NBFC.
FAQs
We need the applicant's name, father's name, address, and age.
We verify the litigation status through E-Courts, various Tribunals, NCLT, CCTNS (Crime and Criminal Tracking Network & Systems), and the list of wilful defaulters.
- The ability to repay the loan can be severely affected if an applicant is involved in litigation.
- Checking for litigation helps identify habitual offenders who may defraud banks or financial institutions in one place and apply for loans elsewhere.
- Litigation checks can reveal cases involving the applicant related to cheque bounce offenses that may not reflect in credit rating reports.