University:
John Jay College of Criminal Justice
Course:
LAW 209 | Criminal Law
Academic year:

2019
Views:

141

Pages:

2
Author:

Alma Stephenson

BLING BANK BERHAD Our ref Your ref Date : : : Messrs. Advocates and Solicitors Dear Sirs, Re Borrowers : Property Loan : : LETTER OF INSTRUCTION : Housing Loan of RM , 000.00 We have recently granted the above borrower banking facility under a conventional scheme subject to the terms and conditions stipulated in our Letter of Offer dated ____. You have been appointed as the attending solicitor for the legal documentation. As such, please prepare all the relevant security documents and take all necessary measures to protect the interest of the Bank at all times. 1) Please be advise that you are also required to attend to the following:i) make searches on the document of title at the relevant Land Office/ Registry (if applicable; ii) conduct relevant searches to confirm to us that the Borrower(s) are not bankrupts, and they are legally eligible to borrow and their asset is not encumbered. 2) Confimation Prior to Drawdown/ Utilisation of Facilities When advising the Bank to drawdown or release the facilities, please confirm to us in writing that all the conditions precedent for drawdown/utilisation specified in the Letter of offer and loan/legal/security documents (if any), as the case may be and/or may be advised by you have been complied with. The above mention are nonexhaustive. As such, please take the necessary measures to ensure that the Bank’requirements have been complied and the Bank’s interest is fully protected all times. In the event that the Bank’s position is jeopardized, you are responsible to make good in full all such losses and damages. 3) 4) Please bill your fees/disbursement direct to the Borrower(s) who can be contacted at the following telephone numbers;___________________________ We enclose the following documents for your further action:i) ii) iii) A copy of duly accepted Letter of Offer dated ___; A copy of Sale and Purchase Agreement dated _____; A photocopy of the Borrower(s)’ identity card.