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#2213521 - 05/14/19 03:38 PM Legal - Original Loan Docs to keep
Lele Offline
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Lele
Joined: Feb 2007
Posts: 827
In the Sun
What ORIGINAL LOAN docs should banks keep for Retention? I am in the Florida tab and have looked and am not sure. Here are the documents we think should be kept in original format:
Guarantee
Letter of Credit
Mortgage
Notice of Lien
Power of Attorney
Promissory Note
Security Agreement

Thank you.
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Faith is seeing light with your heart when all your eyes see is darkness...

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#2213522 - 05/14/19 03:54 PM Re: Legal - Original Loan Docs to keep Lele
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
I think you really need to consult legal counsel on this. You are not going to take any action based on any answers that you get here anyway.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2213527 - 05/14/19 04:29 PM Re: Legal - Original Loan Docs to keep Lele
Lele Offline
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Lele
Joined: Feb 2007
Posts: 827
In the Sun
We have consulted legal but our team that actually has been to court have suggested other docs as well so was looking for what those on here have experienced.
_________________________
Faith is seeing light with your heart when all your eyes see is darkness...

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#2213536 - 05/14/19 05:11 PM Re: Legal - Original Loan Docs to keep Lele
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
You used a legal team that has not been to court? Either copies of certain documents are admissible or they are not.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2213537 - 05/14/19 05:13 PM Re: Legal - Original Loan Docs to keep Lele
Lele Offline
Platinum Poster
Lele
Joined: Feb 2007
Posts: 827
In the Sun
Clarification - Legal said those listed. Legal team here are the folks that actually go to court for the bank so they suggested additional items we might want to have as they have been asked for them... Thank you.
_________________________
Faith is seeing light with your heart when all your eyes see is darkness...

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