OR, Suppose against a loan proposal of your branch, the head office of the bank has sanctioned a loan of taka 1.00 (one) crore against a mixed farm (Agriculture, poultry, fishery and dairy farm). You were advised by head office to disburse the loan after due documentation. Please list down the names of the documents to be obtained from the borrower before disbursement of the loan.
1. General Documents - Acceptance of sanction letter
2. Charge Documents - D.P. Note - Letter of Disbursement - Letter of
Agreement / Arrangement - Letter of Undertaking - Letter of Installment
3. Hypothecation of Stock & Receivable - Letter of Hypothecation on stock of Goods & receivables - Irrevocable General Power of Attorney (IGPA) to sell hypothecated stock & Receivable - Letter of Disclaimer
5. Insurance Policy - Valid Original Insurance Policy covering fire risks - Original receipt of premium
6. Undertaking - No liability with any other bank(s) excepting as declared in proposal - The customer shall deposit Sale proceeds in respective Account
7. Guarantee - Personal guarantee, spouse guarantee, third party personal guarantee
8. Other Documents - Letter of Indemnity to be obtained -
Undated and post- dated cheques - Up to date & Clean CIB report
9.
Legal, mortgage and security documents - Legal Opinion, valuation certificate of branch and third party surveyor of
the
property - Non- Encumbrance Certificate - Memorandum of Deposit of Title Deed - Duplicate
Carbon Receipt, Mutation Khatian - Up to date Rent/TAX
Payment Receipt -
Khatian-CS, SA, RS, BS, DP -
Original title and via Deeds - Mortgage Deed duly registered with District/ Sub-Registry Office
- Registered Irrecoverable General Power
of
Attorney (IGPA)
authorizing to sale the Mortgage Property