It allows the beneficiary's heirs to be exempted from repaying the loan, regardless of its type, or the remainder thereof, in the event of the death of the beneficiary.
General Conditions for Eligibility for Exemption due to Death |
- The beneficiary shall have signed the loan contract and shall have register the mortgage before death for loans of all types.
- The project shall have been completed by issuing a building completion certificate or the housing purchase procedures shall have been completed, depending on the type of loan.
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