hi guys,

Speaking about MRTA and MLTA, i bought property 7 years ago. Loan was approved for RM 150k and i opt for MLTA.
I am supposed to pay on quarterly basis via direct debit (credit card) but the problem is I have not paid a single cents since 2004 coz the insurance company did not even debit my credit card. They didnt even chase me for payment. Im not sure whether my account wif them still active or not.

Techinally im servicing my loan now without MRTA or MLTA.

Can this happen? What are the implication? Anybody can help to comment?

Hi M2K2Land,

Can i continue service my loan without paying MLTA?
Since i didnt pay anything for the last 7 years, there is nothing for me to claim unless i default my loan.

Will it create any legal complication with regards to property ownership once fully paid my loan to the bank in future?

Thanks M2K2Land, i guess for sure i dun have any cash bonus since i pay nothing.

Only concern if i call them now, i have to start paying... hehehe
will rather be quiet and continue to service my loan without MLTA.