Hi Dario,

Need your advice here. I am in the middle of refinancing my apartment unit, which is still under Master Title.

A week ago, I signed the deed of assignment, power of attorney, facility agreement and those documents should now be on their way for stamping.

However, only today did I realise that my current loan lawyer made a mistake with the Master Title number on those documents (that I signed a week ago) . He got one number wrong (for example, it should be 123456 but instead it was 133456), on all the documents.

Please advise me on what to do and what are the possible consequences.

Will I have to pay extra $ to correct things?
Can the mistake even be fixed or will the bank simply cancel the agreement?
Will the disbursement of money be delayed and by how long?
Should I alert my loan officer (who is also in charge of the after sales service)?

Thank you in advance.

Dario, thanks a lot for the advice. I send an e-mail to my lawyer pointing out the mistakes (so that there's a record) and he wrote back "Noted. Thank you" . I'll wait 2-3 weeks and see if he updates me further

Hi dariofoo,

Hope you can advise me on my problem below:

I am in the final stages of refinancing my property (an apartment without strata title) from Bank A to Bank P.

Bank P has disbursed part of the loan to Bank A.

In return, Bank A handed the various security documents to Bank P.

All seems to be going well and my loan lawyer then advised Bank P to disburse the remaining part of the loan to me.

But a few days later, my lawyer send a letter to Bank A (cc to me) saying that two security documents have not been handed over.

For nearly 3 weeks, there was no response from Bank A. A few days ago, my lawyer send a stronger reminder to Bank A, saying the loan will not be disbursed unless the documents are handed over and that Bank A will be held responsible if there is a delay.


Please advise what would happen if Bank A fails to produce the security documents:
1. Can Bank P withdraw the loan and demand from me immediate payment for the part of the loan disbursed to Bank A?.
2. What actions can and should I take?

FYI the "missing" documents are the original copies of the power of attorney/loan agreement between the previous owner and her bank. Are these documents essential?

This post has been edited by Twilight Prophet: Apr 22 2012, 09:10 PM

I heard the banks are all afraid of Bank Negara.

Thank you for your help