Scribd Logo
Upload

Welcome to Scribd!

  • 66 views

    Class D: Manual of Operation For The Adls Provincial Lending Centers Pre-Release Documentation

    Uploaded by

    Anonymous ykxB88cJ
    1. The document outlines the procedures for legal documentation, safekeeping of collateral and legal documents, and insurance requirements for provincial lending centers. 2. Key steps include preparing and finalizing legal documents, facilitating notarization and registration, safekeeping original documents, and ensuring insurance coverage is in place. 3. Responsibilities are assigned to various roles for tasks like managing documentation, verification, safe storage, and coordinating with insurance providers.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Class D: Manual of Operation For The Adls Provincial Lending Centers Pre-Release Documentation

    Uploaded by

    Anonymous ykxB88cJ
    66 views4 pages
    1. The document outlines the procedures for legal documentation, safekeeping of collateral and legal documents, and insurance requirements for provincial lending centers. 2. Key steps include preparing and finalizing legal documents, facilitating notarization and registration, safekeeping original documents, and ensuring insurance coverage is in place. 3. Responsibilities are assigned to various roles for tasks like managing documentation, verification, safe storage, and coordinating with insurance providers.

    Original Description:

    Pre-Taxation 1

    Original Title

    0802

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1. The document outlines the procedures for legal documentation, safekeeping of collateral and legal documents, and insurance requirements for provincial lending centers. 2. Key steps include preparing and finalizing legal documents, facilitating notarization and registration, safekeeping original documents, and ensuring insurance coverage is in place. 3. Responsibilities are assigned to various roles for tasks like managing documentation, verification, safe storage, and coordinating with insurance providers.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    66 views4 pages

    Class D: Manual of Operation For The Adls Provincial Lending Centers Pre-Release Documentation

    Uploaded by

    Anonymous ykxB88cJ
    1. The document outlines the procedures for legal documentation, safekeeping of collateral and legal documents, and insurance requirements for provincial lending centers. 2. Key steps include preparing and finalizing legal documents, facilitating notarization and registration, safekeeping original documents, and ensuring insurance coverage is in place. 3. Responsibilities are assigned to various roles for tasks like managing documentation, verification, safe storage, and coordinating with insurance providers.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    You are on page 1of 4

    CLASS D

    MANUAL OF OPERATION
    FOR THE ADLS PROVINCIAL LENDING CENTERS
    Pre-Release Documentation

    0802 DETAILED PROCEDURES

    A. LEGAL DOCUMENTATION

    PERSON/UNIT
    ACTIVITY
    RESPONSIBLE
    AO or AA 1. Upon receipt of the approved CFP and the
    CRECOM/ILC/BOD resolution, whichever is
    applicable, prepare all draft-legal
    documents such as:

    · Loan/line agreements with Annex/es

    · Mortgage Contracts

    · Other legal documents as required per


    approved CFP (i.e., Deed of
    Undertaking or Assignment of
    Receivables/Inventories, etc.)

    2. Prepare the memo–request for review


    of the draft-documents, with attached
    CFP, Board Resolution, Sangguniang Bayan
    or Sangguniang Panlalawigan Resolution,
    when applicable, also CI/BI and ARs for
    cross-checking purposes

    PLC Head 3. Approve the memo-request

    ASO 4. Log the memo-request

    AA 5. Transmit the memo to Field Attorney/Legal


    Officer

    AO or AA 6. Finalize the draft-legal documents, require


    client to sign the legal documents and
    three (3) sets of specimen signature card,
    authority to debit, require LANDBANK’s
    authorized signatories to sign the draft-
    legal documents, then for notarization

    Page : 0802.1
    Date First Prepared : May 2013
    Date Last Revised :
    CLASS D
    MANUAL OF OPERATION
    FOR THE ADLS PROVINCIAL LENDING CENTERS
    Pre-Release Documentation

    PERSON/UNIT
    ACTIVITY
    RESPONSIBLE
    PLC Head/ AO/AA 7. Conduct pictorial session with clients/
    borrowers, and witnesses during signing
    for loans P30M and above and loans
    regardless of amount with 3rd party
    mortgagors, if there is any, regardless of
    amount

    AA 8. Facilitate annotation of mortgage


    contracts with ROD/LTO/MARINA/MAO/
    PAO2/CAO, as the case may be

    AO or AA 9. Transmit the duly signed, notarized loan


    documents and annotated loan/security/
    collateral documents and mortgage
    contracts to FLO for issuance of legal
    sufficiency

    10. Submit Specimen Signature cards to the


    following:

    · ASO for signature verification


    (2 copies)

    · ASO for Securities File (1 copy)

    · LAU file

    B. SAFEKEEPING OF COLLATERAL AND LEGAL DOCUMENTS

    PERSON/UNIT
    ACTIVITY
    RESPONSIBLE
    ASO 1. Verify signature/s on loan and security/
    collateral documents

    2. Photocopy the duly annotated/


    encumbered collateral to be certified as
    true copy by the PLC Head

    Page : 0802.2
    Date First Prepared : May 2013
    Date Last Revised :
    CLASS D
    MANUAL OF OPERATION
    FOR THE ADLS PROVINCIAL LENDING CENTERS
    Pre-Release Documentation

    PERSON/UNIT
    ACTIVITY
    RESPONSIBLE
    ASO 3. Distribute the photocopies as follows:

    · one (1) copy for AO Working File

    · one (1) copy for LCP (during 1st


    release)

    AO or AA 4. Accomplish three (3) copies of the


    Securities-in/out Slip (Exhibit 8.19) and
    transmit the loan documents/collateral to
    PLC Head for approval and safekeeping

    For the Satellite Offices, the AO concerned


    shall seek the approval of the Head-Host
    Branch for safe-keeping of loan
    documents/collateral

    PLC Head 5. Approve safekeeping of loan


    documents/collateral

    ASO 6. If the PLC has no securities vault,


    transmit Securities-in/out slip/collateral/
    legal documents to OS of Host Branch for
    safekeeping in vault

    AA 7. Furnish AC/AD the approved CFP and Loan


    Borrower’s Profile for encoding in SYMBOLS
    Kernel Module and the credit line limit in
    the Limit Control Module

    8. Prepare the JT (Exhibit 8.18) for booking


    of “Commitment-Others” and submit to AC

    Page : 0802.3
    Date First Prepared : May 2013
    Date Last Revised :
    CLASS D
    MANUAL OF OPERATION
    FOR THE ADLS PROVINCIAL LENDING CENTERS
    Pre-Release Documentation

    PERSON/UNIT
    ACTIVITY
    RESPONSIBLE
    AA 9. For new clients:

    a. Upon approval of loan/line,


    request quotation of insurance
    premium and prior to any loan
    release when loan documentation
    are completed and all pre-release
    requirements are complied with

    b. Request insurance coverage on the


    day of release with inception date to
    coincide with the date of release

    For existing clients:

    Upon consultation and advice of the AO,


    request insurance renewal three (3)
    months before expiration of insurance
    policy

    Page : 0802.4
    Date First Prepared : May 2013
    Date Last Revised :

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy