Lending documents

Lending documents in the credit system are all documents required for the formal assessment of collateral for loan collateral , which ultimately serve to determine the lending value (Switzerland: lending documents ).

General

The lending documents to be submitted by the borrower to the lender are usually listed in detail in the loan agreement . They are among the conditions for payment of loans that can not be paid without submission of documents. This dependency of the disbursement on the submission of the required lending documents is usually achieved through a condition precedent . Lending documents are used for the legal and economic evaluation of the loan collateral received from banks.

Real estate lending

Often, the term lending documents is the lending of real estate is concentrated, though it applies to all types of loan collateral.

General documents

For all real estate financing one are financing plan , uncertified Deed , the sign off the field map (with the marked building ), an extract from the Real Estate Register (Cadastre) and the notarial property purchase agreement required. If the disbursement is to take place before the envisaged real estate liens are finally registered , a certificate of rank from a notary is required (see also: Debit authorization ).

Building plots

In addition to the above documents, proof of the amount of the development costs , a confirmation that the property is designated as building land in the development plan , and a waiver of the right of first refusal , according to which the municipality's statutory right of first refusal according to Section 24 of the Building Code (BauGB) is not exercised.

Existing real estate

In addition to the above documents, the following are also required: building description , building drawings , calculation of the converted space as well as the living and usable area , profitability calculation (for rented objects), evidence of building or fire insurance and any rental / lease agreements .

New buildings

In addition to the documents already mentioned, a building permit with the approved construction drawings , a list of the construction costs including the ancillary construction costs and the certificate of construction acceptance are required .

Assignment of security

Submission of proof of abzutretende claims (about copies of invoices for receivables from supplies and services ; see security assignment ). Upon the sale of life insurance claims the original of life's insurance policy to pass, when wage and salary transfers of income proof . If claims are secured, the bank is entitled to the surrender of documents relating to this (accessory) collateral ( Section 401 (1) BGB ). In general, the transfer of the assignment notices signed by the assignor is required. The transfer of the savings book is necessary when transferring savings .

Transfer by way of security

In the transfer of ownership of motor vehicles is Kraftfahrzeugbrief (registration certificate part II) in the original to the bank along with the purchase invoice and proof of third party insurance to pass. The transfer of ownership of material items (warehouses) requires a valuation of the minimum inventory of the warehouse based on the proven acquisition or manufacturing costs .

Pledges

Securities : Transfer of bearer papers to the bank or deposit statement if securities are pledged at another credit institution. Savings : handover of savings books .

General documents

Not lending-related documents are proof of income , income tax returns , financial statements , results of the identity checks (for individuals ) and social contract / certificate of registration (for companies ).