Banking

TABLE OF CONTENTS

NO | DETAIL | PAGE |

0 | List Of Abbreviation | 1 |

1.0 | Introduction | 2 |

2.0 | History Of Strata Title Act In Malaysia | 3 |

3.0 | Definition Of Assignment | 5 |

4.0 | Types Of Assignment | 5 |

5.0. | Assignment By Way Of Security | 7 |

6.0 | Precautions To Take When Creating An Assignment | 8 |

7.0 | Stages In The Preparation Of Security By Way Of An Assignment | 11 |

8.0 | Enforcement Of Rights Under An Assignment | 13 |

9.0 | An Assignment And A Legal Charge Distinguished | 15 |

10.0 | Advantages Of Assignment | 16 |

11.0 | History Caveats | 17 |

12.0 | Definition Of Caveat | 18 |

13.0 | Type Of Caveats | 18 |

14.0 | The Differences Between A Private Caveat And Lien-Holder's Caveat | 20 |

15.0 | When Does The Bank Use The Private Caveat? | 21 |

16.0 | Case | 22 |

17.0 | Conclusion | 26 |

18.0 | Bibliography | 27 |

19.0 | Appendix | - |

LIST OF ABBREVIATION

STA - Strata Title Act

NSW - New South Wales

NLC - National Land Code

MoT - Memorandum of Transfer

LACA - Loan Agreement cum Assignment

LA - Letter of Administration

RHC - Rules of the High Court

S&P - Sale And Purchases Agreement

LPA - Law of Property Act

CLJ - Civil Law Journal

LAO - Local Authorities Ordinance

LPI - Land and Property Information

1.0 INTRODUCTION

Collateral is form of a guarantee that the cash borrowed by the counterparty would be returned back at the predefined time. In the event that the cash borrower fails to pay back the borrowed cash to the lender of cash, the lender has the right to sell the collateral in order to raise the cash that is owed by the borrower. Collateral also known as bank security. The importance of collateral to the bank are allows reduction of the loan loss for the bank in the event of the default of the loan and help to solve the problem of adverse selection borne by the bank when lending, as it constitutes a signalling instrument providing some valuable information to the...