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Translation from Romanian into EnglishRegulation on the licensing of the bank and the branch of the bank from another state, approved by Decision of the Executive board of the National Bank of Moldova
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Finance and secured lending refer to the process of borrowing money where the loan is backed by collateral, offering lenders security in case of default.
Individuals and businesses that engage in secured lending transactions must file finance and secured lending documentation, particularly if they are financial institutions.
To fill out finance and secured lending forms, collect all necessary information concerning the loan, collateral details, borrower information, and complete the required sections as outlined in the specific form instructions.
The purpose of finance and secured lending is to provide borrowers access to funds while minimizing risk for lenders by securing the loan with collateral.
Information that must be reported includes borrower details, loan amount, terms of the loan, description and value of collateral, and any relevant interest rates.
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