Regulatory Alerts2023-08-02
Added
BRPD Circular No. 15: Taking thumb impression on loan related charge documents
The document mandates that scheduled banks in Bangladesh must ensure loan borrowers and guarantors read and understand the contents of charge documents before signing. It requires banks to obtain thumb impressions from both hands of the borrower and guarantors on these documents, verifying the impressions against the National Identity Card (NID) database. This directive aims to resolve legal complexities in loan recovery arising from court observations regarding unsigned documents.