Housing & Mortgage Repossession and Settlement Services (SARFAESI Act, 2002)
We provide specialized services in housing and mortgage repossession (lock & key) and loan settlement in accordance with the provisions of the SARFAESI Act, 2002. Our approach ensures full legal compliance while maintaining efficiency and professionalism throughout the recovery process. Om Sai Credit Collection Servicess Pvt. Ltd. delivers structured, compliant, and result-driven repossession and settlement solutions for secured loan portfolios.
Scope of Services
- Repossession of secured assets in compliance with the SARFAESI Act, 2002
- Management and resolution of Non-Performing Asset (NPA) accounts
- End-to-end recovery and repossession services as per SARFAESI Act provisions (Sections 1 to 42 and applicable rules), including issuance of notices, asset possession, and settlement of loans with complete regulatory compliance
Key Benefits
- Ethical and professional services with strict adherence to legal and regulatory standards
- Focus on amicable loan settlements to minimize lengthy legal procedures
- Assistance in converting NPA accounts into standard/regular accounts wherever feasible
- Comprehensive end-to-end, one-stop recovery and repossession solutions
- Dedicated and experienced support team ensuring efficient case handling
Frequently Asked Questions
What is SARFAESI Act and how does it help in recovery?
The SARFAESI Act, 2002 allows financial institutions to recover secured loans by enforcing security interests without court intervention, ensuring faster recovery.
What is lock & key repossession?
It is the process of taking legal possession of a secured property or asset under SARFAESI provisions when a borrower defaults.
Do you handle NPA accounts under this service?
Yes, we specialize in managing and resolving NPA accounts, including repossession and settlement processes.
Can loan settlements be done under SARFAESI recovery?
Yes, we focus on amicable settlements wherever possible to reduce legal delays and achieve faster recovery outcomes.
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+91-9859653653
About Our Company
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