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Secured loan,Witnessed and signed by lender?


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Hi,

Is it legal for employees of a bank to act as witnesses and sign a secured loan application/agreement they are processing,or should the witnesses be third party,ie not employed by the lender?

 

Regards...Mark:confused:

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I am no expert but I would have thought that a secured loan would have to be witnessed by someone independent from the bank. Usually they ask that a person should take independent legal advice on the practicalities of the loan etc.

 

HH

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