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Hi.
An application for loan of 1M pesos was approved by the board. REM was already prepared and notarized & applicant already paid the corresponding documentary stamps. However, before said REM is registered, an adverse finding on the applicant surfaced. is there any liability on the part of the creditor should the approval be revoked?
Thanks.
An application for loan of 1M pesos was approved by the board. REM was already prepared and notarized & applicant already paid the corresponding documentary stamps. However, before said REM is registered, an adverse finding on the applicant surfaced. is there any liability on the part of the creditor should the approval be revoked?
Thanks.
