I have taken unsecured person during his lifetime and before I repay the loan he passed away. How and to whom I can repay the loan as per act/rules?
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Quick Summary
If the lender of an unsecured loan has passed away, their assets and liabilities typically transfer to their legal heir. This means you will likely need to repay the loan to the deceased lender's estate or their appointed legal representative. It's advisable to seek clarification on the specific legal procedures and identify the correct recipient for the repayment to ensure compliance with relevant acts and rules.