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This document serves as a mandate for the applicant and co-applicant to authorize InterbonD to manage and facilitate the process of raising a loan secured by a bond on their property.

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What is irrevocable sole mandate?

An irrevocable sole mandate is a legal agreement where one party grants exclusive authority to another party to act on their behalf without the ability to revoke or cancel the mandate.

Who is required to file irrevocable sole mandate?

The party granting the authority, also known as the principal, is required to file the irrevocable sole mandate.

How to fill out irrevocable sole mandate?

To fill out an irrevocable sole mandate, you need to include the necessary details of the principal and the authorized party, along with a clear statement indicating the exclusivity and irrevocability of the mandate.

What is the purpose of irrevocable sole mandate?

The purpose of an irrevocable sole mandate is to delegate authority and ensure exclusivity, allowing the authorized party to act on behalf of the principal with full legal power.

What information must be reported on irrevocable sole mandate?

The irrevocable sole mandate should include the names and contact information of both the principal and the authorized party, along with a clear description of the authority granted and any specific limitations or conditions.

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