This document is a co-maker authorization form used by members who wish to act as a co-signer for another member's loan. It outlines the co-maker's obligations and authorizes the credit union to act on their behalf regarding the loan. The co-maker agrees to the loan terms and allows their shares to be used for the co-signing provisions. Their contact and account details are also collected. The form is then reviewed and either approved or rejected by the processing committee.
This document is a co-maker authorization form used by members who wish to act as a co-signer for another member's loan. It outlines the co-maker's obligations and authorizes the credit union to act on their behalf regarding the loan. The co-maker agrees to the loan terms and allows their shares to be used for the co-signing provisions. Their contact and account details are also collected. The form is then reviewed and either approved or rejected by the processing committee.
This document is a co-maker authorization form used by members who wish to act as a co-signer for another member's loan. It outlines the co-maker's obligations and authorizes the credit union to act on their behalf regarding the loan. The co-maker agrees to the loan terms and allows their shares to be used for the co-signing provisions. Their contact and account details are also collected. The form is then reviewed and either approved or rejected by the processing committee.
(This form is to be filled by any member who wishes to be a co-maker to another
members’ loan and should be attached to such members’ loan form.) PART D: CO-MAKER’S OBLIGATION AND AUTHORIZATION I, the undersigned co-maker, hereby agree with all the terms and conditions of this loan agreement to dispense my shares eligibility for co-maker provisions to TPF:_________________ Name:_____________________________________________________ I further authorise FTACTL to act as representative overseer in all forbearing engagements as per core-maker settlements. Conforme: TPF: Amount: $ _______-_____
NAME: Signature:
Name and Signature of Co-Maker
Home Address : Phone #:
PART E: FOR OFFICIAL USE ONLY
Co-maker’s Share $.............................. Co-maker’s Loan Outstanding $........................................... as at………………… Co-maker’s Loan Repayment $......................................... as per fortnight. Co-maker’s FTAWS Financial Member (Yes / No) ……………. Co-maker’s FTAWS Retirement Benefit $………………………………………… PART F: PROCESSING COMMITEE
2. Co-maker Term (No of Pays _____ Months _____ Years _______) 3. Comments ……………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………….....………………………………… 4. Name……………………………………………………………………….. Signature……………………………………………………. i. Date ……………………………………….………….