Dealing with the original transaction documents after completion of a loan transaction
Dealing with the original transaction documents after completion of a loan transaction

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Dealing with the original transaction documents after completion of a loan transaction
  • Distributing the original documents
  • Preparing transaction bundles

After completion, the lawyers acting for the lender(s) will be responsible for distributing the original documentation and supplying copies of the key transaction documents to the relevant parties.

Distributing the original documents

Following completion, the lawyers acting for the lender(s) should co-ordinate all the original documentation. If completion did not take place at a meeting, the first step is for the lawyers acting for the lender(s) to collect all the original documents and signature pages from the various parties. Once the lawyers acting for the lender(s) are in possession of all the original documents, they should:

  1. send an original of each of the finance documents to each party to the relevant document, remembering to retain any original finance documents that will need to be sent off for registration (see Perfecting security)

  2. send the original legal opinions to the parties to whom they are addres