Announcement of the transfer of residential property by National Bank

According to the report of financial news, citing the public relations of the National Bank of Iran, based on the circular of the amendment to the instructions on how to hand over the surplus property of credit institutions, the return of the residential property that was acquired in exchange for granting or creating facilities and obligations, to their previous owners and without holding The auction will be possible in the form of aqala.

The maximum daily value of the residential property is equal to 100 billion Rials, the previous owner not having another residential property at the time of submitting the application and not announcing the winner of the auction in case the residential property is placed in the auction process, the most important conditions of this handover.

Also, the previous owner or the recipient of the facility, whose residential property was acquired and was the collateral for the facility received by him, must pay all his debt, including the total principal balance, the unpaid interest of the facility, and the late payment obligation according to the approvals of the Money and Credit Council, until the date of handing over the acquired property. Pay the debt amount in cash within thirty days from the date of notification.

It should be noted that if the bank acquired the residential property by paying the difference between the amount of its claims and the price of the said property, the previous owner is obliged to pay the current value of the portion of the residential property that he received in Riyal equivalent.