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PUBLIC/OFFICIAL RELEASE // EXTERNALFEDERAL RESERVE BANK BORROWERINCUSTODY OF COLLATERAL CERTIFICATION TO BE COMPLETED BY DEPOSITORY INSTITUTIONINSTITUTION NAME: ___ABA#: ___ADDRESS: ___CITY/STATE:

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How to fill out borrower-in-custody of collateral

01

Identify the borrower-in-custody of collateral section on the form.

02

Provide the name of the borrower who is currently holding the collateral.

03

Include any relevant contact information for the borrower-in-custody.

04

Specify the type of collateral that is being held by the borrower.

05

Sign and date the form once the borrower-in-custody section is completed.

Who needs borrower-in-custody of collateral?

01

Lenders and financial institutions may require the borrower-in-custody of collateral information to ensure that the collateral is being held by the appropriate party.

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What is borrower-in-custody of collateral?

Borrower-in-custody of collateral refers to the situation where the borrower holds onto the collateral for the duration of the loan agreement.

Who is required to file borrower-in-custody of collateral?

The lender is usually required to file borrower-in-custody of collateral to ensure proper documentation and protection of assets.

How to fill out borrower-in-custody of collateral?

The borrower-in-custody of collateral form can typically be filled out by providing information about the borrower, the collateral, and any relevant agreements.

What is the purpose of borrower-in-custody of collateral?

The purpose of borrower-in-custody of collateral is to provide transparency and ensure that the collateral is properly secured and accounted for.

What information must be reported on borrower-in-custody of collateral?

Information such as the borrower's details, description of the collateral, loan agreement terms, and any relevant documentation must be reported on borrower-in-custody of collateral.

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