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Flow of Guaranty Call
Requirements When Calling on HGC's Guaranty:
- Requirements When Calling on HGC's Guaranty:
- Letter from the Client/Guaranty Holder requesting payment by the HGC of Guaranty Call for the account declared in Default
- Credit Approval / Loan Evaluation Sheet
- Demand Letter/s of Client duly received by the Borrower
- Statement of Account and Ledger / Application of Payments
- Photocopies of TCT/s and Tax Declarations
- Vicinity Map, Lot and House Plans of the mortgaged property
- Latest Client's Appraisal Report
- Notarized Special Power of Attorney issued to the HGC.
- For Call Payment
- Original Deed of Assignment and Conveyance of the Collateral Property
- Original TCT, Tax Declaration and Real Property Tax Receipts
- Original Loan and Mortgage Agreement and Promissory Note
- Original Fire Insurance Policy endorsed to the HGC.
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