What are the grounds for Unit Cancellation?
Unit cancellation is from the non-payment of fees based on the schedule of payment, disapproval of creditworthiness, non-submission of post-dated checks, and failure in the submission of financing documents within the timeline for the housing loan. The client will be canceled if he/she does not submit the documents at least 6 months before the due date. Notice of requirements (NOR) will be sent to clients as a reminder to submit COMPLETE documents. (Please refer to the list of documents here)