DOCUMENTATION :

One of the important requirements of the lending banker is to hold valid legal documents. The process of execution of required documents in the proper form and according to law is known as documentation. Proper documentation helps in recovery of loans and advances. Banks have their own standard forms for promissory notes and other documents and no deviations are normally permitted. The borrowers are expected to execute these documents as required by the bank. Banks also do not generally give copies of these documents to the borrower which sometimes creates difficulty when these documents become subject matter of a legal dispute. The following points must be kept in mind while executing the documents as required by the Bank.