Annex B (v 2025

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The document outlines the Standard Mortgage Policies for solicitors acting on behalf of United Overseas Bank Limited and Far Eastern Bank Limited. It details the responsibilities of solicitors in handling loan, discharge, and redemption matters, including conflict of interest management, documentation requirements, execution procedures, and compliance with legal requisitions. The document emphasizes the importance of protecting the bank's interests throughout the mortgage process, including caveat lodgment, searches, legal opinions, spousal consents, and timely reporting on completion.

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Click ‘Get Form’ to open Annex B (v) in the editor.
Begin by reviewing the General section, ensuring you understand your obligations as a solicitor for the Bank. Acknowledge receipt of the Bank’s Letter of Instructions by signing and returning it within 7 days.
Proceed to fill out the Borrower(s), Guarantor(s), and Mortgagor(s) details accurately. Ensure all parties are clearly identified to avoid conflicts of interest.
In the Caveat section, confirm that you will lodge a caveat against the Mortgaged Property(s) as instructed. Document any necessary caveats before disbursement.
Complete the Report on Title (Form 2ROT) at least 10 working days prior to disbursement, ensuring all searches and legal requisitions are conducted as per Annex C.
Finally, review all completed forms for accuracy before submitting them through our platform for processing by the Bank.

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What does Annex V mean?

MARPOL Annex V seeks to eliminate and reduce the amount of garbage being discharged into the sea from ships.

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Annex B (v 2025

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