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Auction Policy
Lets understand Auction Policy
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1.
What must borrowers do to avoid their gold ornaments being taken for public auction?
2.
What does the term "Auction" mean in this policy?
3.
Who is responsible for initiating, supervising, and monitoring the auction procedure?
4.
What should be done if the auction notice is returned undelivered?
5.
What happens to the excess amount after settling auction accounts and applicable charges?