{"id":872,"date":"2024-03-10T03:16:01","date_gmt":"2024-03-10T03:16:01","guid":{"rendered":"https:\/\/vpckajang.com\/PropertyStreet\/?p=872"},"modified":"2024-03-10T03:53:17","modified_gmt":"2024-03-10T03:53:17","slug":"dispute-over-a-housing-loan","status":"publish","type":"post","link":"https:\/\/vpckajang.com\/PropertyStreet\/2024\/03\/10\/dispute-over-a-housing-loan\/","title":{"rendered":"Dispute over a Housing Loan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"872\" class=\"elementor elementor-872\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a1b0531 e-flex e-con-boxed e-con e-parent\" data-id=\"a1b0531\" data-element_type=\"container\" data-settings=\"{&quot;container_type&quot;:&quot;flex&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0bdc185 elementor-widget elementor-widget-shortcode\" data-id=\"0bdc185\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e1923f7 e-flex e-con-boxed e-con e-parent\" data-id=\"e1923f7\" data-element_type=\"container\" data-settings=\"{&quot;container_type&quot;:&quot;flex&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5e67a2a elementor-widget elementor-widget-text-editor\" data-id=\"5e67a2a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 29-01-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h5 style=\"font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-size: 16px; font-family: Roboto, sans-serif;\">In The High Court Of Malaya At Kuala Lumpur\u00a0<br \/>In The Federal Territory, Malaysia\u00a0<br \/>(Commercial Division)\u00a0<br \/>Between\u00a0<br \/>CIMB Islamic Bank Berhad (Plaintiff)\u00a0<br \/>And\u00a0<br \/>Rusdiyanto Bin Azhar (Defendant)\u00a0<\/h5>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3a2ff978 e-flex e-con-boxed e-con e-parent\" data-id=\"3a2ff978\" data-element_type=\"container\" data-settings=\"{&quot;container_type&quot;:&quot;flex&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3441d100 elementor-widget elementor-widget-text-editor\" data-id=\"3441d100\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"text-align: var(--text-align);\">This case is a profound lesson on financial responsibility, the gravity of loan agreements, and the legal proceedings when these agreements are broken. Here\u2019s a breakdown in the requested format<\/span><span style=\"font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; color: var( --e-global-color-text ); text-align: var(--text-align);\">:<\/span><\/p>\n<h2><strong>Characters<\/strong><\/h2>\n<ul>\n<li><span style=\"font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; color: var( --e-global-color-text ); text-align: var(--text-align); font-weight: bold;\">Characters:&nbsp;<\/span>CIMB Islamic Bank (<b>Plaintiff<\/b>): Initiates legal action against Rusdiyanto for failing to keep up with his housing loan payments.<\/li>\n<li>Rusdiyanto Bin Azhar (<b>Defendant<\/b>): Borrowed RM864,235 in 2014 for a 30-year term and defaulted, leading to the lawsuit.<\/li>\n<li><em><span style=\"text-align: var(--text-align);\"><b style=\"color: var( --e-global-color-text );\">Footnote:<\/b><span style=\"color: rgba(0, 0, 0, 0);\">&nbsp;<\/span>In legal terms, the <b>plaintiff <\/b>is the party that brings a case against another in a court of law, alleging that they have been wronged and seeking redress. The <b>defendant <\/b>is the party against whom the lawsuit is brought, who must defend against the plaintiff\u2019s charges.<\/span><\/em><\/li>\n<\/ul>\n<h2><strong>Introduction<\/strong><\/h2>\n<ul>\n<li><strong style=\"color: var( --e-global-color-text ); text-align: var(--text-align);\">Background:<\/strong><span style=\"text-align: var(--text-align);\"><span style=\"color: rgba(0, 0, 0, 0);\">&nbsp;<\/span>The narrative begins with Rusdiyanto taking a loan for his dream home, which turns into a legal nightmare due to defaulting on repayments. The bank, left with no choice, takes legal action to recover the outstanding debt.<\/span><\/li>\n<\/ul>\n<h2><strong>Story<\/strong><\/h2>\n<ul>\n<li><strong>The Narrative<\/strong>: Rusdiyanto takes out a loan for RM864,235, agreeing to a 30-year journey of monthly payments. Rusdiyanto missed payments for 14 months, totaling RM65,141.55. After several notices and a final demand, CIMB claimed RM2,579,871.85 due to continued non-compliance, leading to the auction of the property. The sale, however, did not cover the debt, leaving a substantial shortfall. The bank, left with no alternative, initiates a foreclosure on the property, auctioning it off in an attempt to recuperate the outstanding debt.&nbsp;<\/li>\n<li>After defaulting on the loan, the property is auctioned off, but the sale proceeds do not cover the total debt. CIMB seeks to recover the shortfall from Rusdiyanto, leading to a court battle over the financial obligations and legal rights of both parties.<\/li>\n<\/ul>\n<h2><strong>Conclusion<\/strong><\/h2>\n<ul style=\"padding-left: 2.14286em;\">\n<li style=\"font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400;\"><b>Judicial Judgment and Reflections<\/b>: Judicial Judgment and Reflections: The court sides with CIMB, underscoring the importance of adhering to financial commitments and highlighting the legal mechanisms in place for debt recovery. It\u2019s a cautionary tale about the consequences of loan defaulting and the judicial process involved in resolving such disputes.<\/li>\n<li><span style=\"text-align: var(--text-align);\"><b>Technical Aspects of the Judgment:<\/b><span style=\"color: rgba(0, 0, 0, 0);\">:<\/span><\/span>The judgment details the loan amount, the default in payments, and the auction process, providing a clear view of the legal and financial proceedings that follow a loan default. This case emphasizes the need for financial prudence and awareness of legal obligations in loan agreements.<\/li>\n<li><span style=\"text-align: var(--text-align);\">This case underscores the critical importance of understanding and complying with the terms of loan agreements, serving as a vital lesson in financial and legal responsibility<span style=\"color: rgba(0, 0, 0, 0);\">.<\/span><\/span>&nbsp;<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-85b41ba e-flex e-con-boxed e-con e-parent\" data-id=\"85b41ba\" data-element_type=\"container\" data-settings=\"{&quot;container_type&quot;:&quot;flex&quot;,&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-468d8c2 elementor-widget elementor-widget-alert\" data-id=\"468d8c2\" data-element_type=\"widget\" data-widget_type=\"alert.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 29-01-2024 *\/\n.elementor-alert{padding:15px;border-left:5px solid transparent;position:relative;text-align:left}.elementor-alert .elementor-alert-title{display:block;font-weight:700}.elementor-alert .elementor-alert-description{font-size:13px}.elementor-alert button.elementor-alert-dismiss{position:absolute;right:var(--dismiss-icon-horizontal-position,10px);top:var(--dismiss-icon-vertical-position,10px);padding:3px;font-size:var(--dismiss-icon-size,20px);line-height:1;background:transparent;color:var(--dismiss-icon-normal-color,inherit);border:none;cursor:pointer;transition-duration:var(--dismiss-icon-hover-transition-duration,.3s)}.elementor-alert button.elementor-alert-dismiss:hover{color:var(--dismiss-icon-hover-color,inherit)}.elementor-alert button.elementor-alert-dismiss svg{width:var(--dismiss-icon-size,20px);height:var(--dismiss-icon-size,20px);fill:var(--dismiss-icon-normal-color,currentColor);transition-duration:var(--dismiss-icon-hover-transition-duration,.3s)}.elementor-alert button.elementor-alert-dismiss svg:hover{fill:var(--dismiss-icon-hover-color,currentColor)}.elementor-alert.elementor-alert-info{color:#31708f;background-color:#d9edf7;border-color:#bcdff1}.elementor-alert.elementor-alert-success{color:#3c763d;background-color:#dff0d8;border-color:#cae6be}.elementor-alert.elementor-alert-warning{color:#8a6d3b;background-color:#fcf8e3;border-color:#f9f0c3}.elementor-alert.elementor-alert-danger{color:#a94442;background-color:#f2dede;border-color:#e8c4c4}@media (max-width:767px){.elementor-alert{padding:10px}.elementor-alert button.elementor-alert-dismiss{right:7px;top:7px}}<\/style>\t\t<div class=\"elementor-alert elementor-alert-info\" role=\"alert\">\n\t\t\t<span class=\"elementor-alert-title\">DISCLAIMER<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-alert-description\">The information provided in the blogs, articles, case laws and news postings on the VPC Alliance (Kajang) Sdn. 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Here\u2019s a breakdown in the requested format: Characters Characters:&nbsp;CIMB Islamic Bank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":880,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[11],"class_list":["post-872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-caselaws","tag-blog"],"jetpack_featured_media_url":"https:\/\/vpckajang.com\/PropertyStreet\/wp-content\/uploads\/2024\/03\/Housing-Loan.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/posts\/872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/comments?post=872"}],"version-history":[{"count":16,"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/posts\/872\/revisions"}],"predecessor-version":[{"id":900,"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/posts\/872\/revisions\/900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/media\/880"}],"wp:attachment":[{"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/media?parent=872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/categories?post=872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vpckajang.com\/PropertyStreet\/wp-json\/wp\/v2\/tags?post=872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}