Bar Council: Review bank loan document fee too

PETALING JAYA: Bank Negara should stop allowing banks to charge fee for loan documents which borrowers sign when taking,for example, a housing loan, says the Bar Council.

Its Conveyancing Practice Committee chairman Datuk Roger Tan also expressed the council’s regret that despite several representations made to Bank Negara Malaysia, the Central Bank has failed to put a stop to this unhealthy practice which unfairly increases the financial burden on consumers.