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What is an authorized signer or signatory?

An authorized signatory is a person allowed to act on behalf of your business, and their name is stated in your official business/company records. Sometimes there can be more than one authorized signatory, so two or more persons need to provide their signatures.

What is the difference between authorized signer and authorized signatory?

Authorised Signatories means any two authorised officers of the Issuer signing jointly. Authorized Signer is any individual listed in Borrowers Borrowing Resolution who is authorized to execute the Loan Documents, including any Advance request, on behalf of Borrower.

What is an example of a signatory?

A signatory puts his or her signature on a document that is also signed by others. In 1215 the English barons revolted against King John and forced him to join them as a signatory to the Magna Carta.

What is difference between signature and signatory?

A signature is a handwritten or electronic mark that indicates the agreement of the person signing a document, such as a PDF. On the other hand, a signatory is a person or party who has signed a document and uses their signature to enter into a binding agreement.

How do I become an authorized signatory?

Authorized Signatory candidates must apply for and be granted their own security privileges before they can assist with applications for others. Each Authorized Signatory must provide fingerprints for a Criminal History Records Check (CHRC) and a Security Threat Assessment (STA).

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