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This initial agreement with the DMA will be in force for a period of 3 months
in which his performance will be adjudged. A minimum target of Rs.25 lacs has
also been set for each DMA approved. |
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If at any time, the DMA or his/her representative is found violating the terms
and conditions of this agreement executed between him and the company, or the
company is not satisfied with the services of the DMA or is not able to achieve
the targets set for him, the contract with the DMA may be terminated.
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After such termination, the DMA or
his/her representatives are not entitled to canvass any further loan
applications on carry on any operations on behalf of PNB HFL. |
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The accounts introduced by DMA cannot be permitted for pre-closure
(particularly by availing finance from another HFC / Bank), at least for two
years after such termination. If the borrower insists, the same can be
permitted after recovering the DMA commission in addition to prepayment
charges.
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Further, the DMA may be held liable for any defaults or irregularity in
payments of the monthly installments.
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| Copyright © PNB Housing Finance Limited. |
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| Last
updated on:14-Dec-2007 |
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