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property with loan fully settled - distribute according to the Distribution Act 1958.
i see. What if loan not settle and the deceased does not have MRTA or MLTA insurance to cover?
Next of kin should be the answer
I think the guarantor for the bank loan will have to pay on behalf... but nowadays, are guarantors really required for loans approval?
no guarantors usually for housing loan coz there is collateral, and nowadays bank only provides 70-90% bank loan.
Bank will LELONG the unit if not repayment for the loan.
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