for housing loan...
the mrta/mlta is not compulsory

Yup... is optional..

Yea, that's why they came after my mom.

Shouldn't bother your mom IMHO. Just liase with whoever is in charge of the funds in the bank or whatever, I'm not sure why they are bothering anyone, they should just make a claim with whoever is current custodian of the funds.

It's just disrespectful to disturb others during their time of bereavement

Maybe the mom got some money from the late husband as inheritance or maybe a joint savings account. Since technically the late husband assets still has not been 'divided' among the banks, they can still claim from your mom if she received or shared an account with your late father. IMO.

Exactly.

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Added on September 9, 2012, 11:55 amNo, they don't have a shared a/c. My father passed away without will. So the house (still paying loan) automatically divided to my mom, my siblings and my grandma. Could it be my mom was a supplementary card holder?

This post has been edited by hey_there: Sep 9 2012, 11:55 AM

for credit card if im not mistaken if your father die....amount should be written off....because you or your family member nvr written any form of guarantor....banks cant do anything to u to....but prolly they will try to chase u or family member a bit for payment.but on legal ground they really have no rights to do so....

Not complusory????
My shared housing with my sister got MRTA/MLTA becoz the bank say it is a must in order to get loan wor.

MRTA = Mati Rumah Tetap Ada ...... No worries guys

MRTA is optional if you have other insurance coverage which is sufficient to pay off the house loan.

As for the bank recover the debt from the wife, maybe the house belongs to the deceased, so the bank/creditors has the right to collect the debts back and the balance will then be distributed out to the wife.

It is not compulsory. My friend worked with bank in mortgage dept. she says no compulsory but they'll tell customers that's compulsory so that they'll earn extra comm from it.

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Added on September 10, 2012, 1:54 pmI think it is legal, that's y they issue lawyer's letter. We brought the matter to court but we lost. We wouldn't lose if it's not legal and not right.

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Added on September 10, 2012, 1:56 pmYea, that's what they said. So long the deceased own a property or any assets that they can take to cover the debt, they'll do. And they'll pay u back the balance

This post has been edited by hey_there: Sep 10 2012, 01:56 PM

Written off doesn't meant the bank will forgive the debt. It is just an accounting treatment to recognize the loss in their books.
However, like someone mentioned previously; the bank does have the right to go after the assets of the deceased to recover the debt. But I remember there is a statutory limitation on time where they can collect from the assets and there are procedures to follow.

MRTA is NOT compulsary actually.