Application For Loan - Tecu Credit Union Co-Operative Society Limited (Page 2 of 2) in pdf

TECU CREDIT UNION CO-OPERATIVE SOCIETY LIMITED

LOAN AGREEMENT

Loan Account Number

Date: ______________________________

Loan Amount $ ________________________________________

) Including Interest

Terms: $ _______________________per _________________) Plus Interest

_________________months after date, for value received, I/we the undersigned waiving our rights of demand and notice jointly and severally

promise to pay TECU Credit Union Co-operative Society Limited, or order, the sum of

________________________________________________________________________________________________ dollars with interest on

unpaid balance at the rate of _________percent per month the first payment of $ __________________________ to be made on

___________________________________________ and like amount every ______________________________thereafter until the full amount

has been paid.

Collateral: ____________________________________________________________________________________________________

Upon default of payment of any instalment on this note, or in the event money borrowed on this note is not used for the purpose set forth in the

application, or in case of any misrepresentation or misstatement made by the borrower or co-makers in obtaining this loan, or in case the holder shall

deem the security thereof unsafe for any reason whatsoever, then this note, or so much hereof as may remain unpaid, shall at the option of the

holder immediately become due and payable. In the event of default the maker or makers hereof hereby pledge any shares now or hereafter held by

them in the Credit Union, as additional security for the payment of this obligation, and we hereby authorize the Credit Union to apply any or all such

shares, or payment on shares, to the payment of this loan, interest, costs or expenses.

Also, if the holder thereof after default, shall place this note in the hands of the Commissioner for Co-operative Development and/or its Attorneys (or

licensed collection agency) for collection, the undersigned agree to pay an additional sum as a fee for collection equal to twenty-five percent of the

entire obligation which remains due and unpaid after there has been credited to the maker the amount of his or her share account in the Credit

Union, and after there has also been applied in reduction such sums if any as may be realized from the sale of any other security in the possession

of the Credit Union or any goods or chattels obtained by the Credit Union from due process through levy which is being held as collateral against the

loan; such charge for collection in no event to be less that five dollars.

When you apply for, accept, or guarantee a loan or credit, and during the course of the loan or credit facility, we may use, give to, obtain,

verify share and exchange credit and other information about you with others, including credit bureaus, mortgage insurers, credit insurers,

registries, and other persons with whom you have financial dealings, as well as any other person, as may be permitted or required by law.

You also authorize any person whom we contact in this regard to provide such information to us.

WITNESS

SIGNATURE

MAILING ADDRESS

___________________________________

Maker _________________________________

_________________________________

Co-Maker ______________________________

_________________________________

Co-Maker ______________________________

_________________________________

OFFICE USE ONLY

❑

HOBSONS

GIRWAR & DEONARINE

KERRA BAZZEY

❑

❑_______________

J.D SELLIER

MR. S. NANAN

OTHER

Letter Ref. No: _____________________

CHEQUE NO: RBL / FCB / RBTT _

_____________________________________

Approved.................................................

Collateral.................................................

Authorized By ..........................................

__________________________________

___________________

Signature - Cash/Cheque Received

Date Disbursed

New/Vami/Rollover ...................................

Authorized By ...........................................

____________________________

Disbursement ...........................................

Signature - Cash/Cheque Payment

Authorized By ..........................................

(Teller/MSR)

CLO1200911

Application For Loan - Tecu Credit Union Co-Operative Society Limited Page 2

Related Articles

Related forms

Related Categories