What is meant by a voided check?

In what name should the home loan disbursement be prepared?

Can I prepare a check in the name of a single person if the account is a joint account?

Yes. Happened to whole Time.

What should a bank ideally have done? Prepared check according to ownership agreement, ie name of a single person or according to canceled check (names of both account holders)?

The checking account says "and". What they did is perfectly legal.

Is it possible to get a new check with a single name when a check is already prepared?

I am doubtful that it is your responsibility to do anything and very suspicious that the seller is trying to commit fraud by hiding the sale from his wife.

anir

Q2. I mean, what name should the check have as the payee? The name that the property is on or the names of the account that the check is to be paid on? Q3. Nor did I understand what you meant by "I doubt it is your responsibility to do anything". I wanted to ask if the bank could destroy prepared checks first and prepare a new one.

Dheer

"..very suspicious that the seller is trying to commit fraud by hiding the sale from his wife." That may be wrong. The house is in the name of the individual. The certification body may have advised that it is better to have the check in their own name and this will make it easier to file tax returns and / or invest in a capital account. There must have been a mistake on the part of the seller and therefore he requested the check in the joining account.

Dheer

@Anir Bank prepared the check according to the instructions. So it's completely legal and nothing wrong with the bank here. The seller provided the credit details and the bank made a withdrawal on this basis.