want to ask, my lawyer (loan agreement) called me up to say that I need to sign 2 legal doc. called "Form 16A" and also "Form210 Lampiran (Annexure)", anyone heard of this? Is there a need to sign this form ?

Yes. Unless you already settled your loan.

mind telling me the purpose of signing this form?


This post has been edited by nnpjj: Jan 29 2008, 08:37 AM

i am not sure myself.

anyway, i plan to sell the house, should i proceed to sign this form ? or do i defer to the new owner (just like the case of MOT) ?

If I am not wrong:
both are related to the loan.

Better get more details from your lawyer? As different place have different regulations?

thanks for the info.
What i am suprise is the loan agreement has been ironed out 2 years ago, only now they come and chase for this, none of my friends have experienced this before

is there any possibilities dat 2 years ago ur house/property is under master title and now it had subdivided into individual/strata title?

not too sure, what is the normal case ?
also I have the intention to sell off this property, should i sign this form ?

to TS, Form 16A is refer to Section 242 under National Land Code.

i supposed u r taking a loan to for your house purchase, so the lawyer represent the banking institution require u to sign the Form to allow a Charge to be registered into your individual title.

when u receive the photocopy of the title, (the said bank will hold your original title until u settle all the loan) u will notice a small statement in your title mentioned there is a Charge, meaning u can't do any transaction unless u obtained the approval from the bank.

Sow Yau,
Thanks for the info, now i understand more on this.
Should i sign this form for now (since I want to sell this property)?



This post has been edited by n73me: Jan 30 2008, 10:35 AM

another thing i dont understand.. how come it seems like the bank want to take the title as a collateral, but I have to pay the legal fees for it??

another thing i dont understand.. how come it seems like the bank want to take the title as a collateral, but I have to pay the legal fees for it??

^ Because you are the one applying for their loan facility. Look at the letter of offer that you signed with the bank when you applied for the loan.

Is yours an apartment? When the individual / strata title was not issued yet, you can only assign the property to the bank. There would have been a deed of assignment, not a charge. No title, you can't register a charge. Probably now the individual title is issued. So now only they ask you to sign the Charge form. But still best to check with the lawyer.

Have you done the transfer into your name? Transfer = Form 14A. If so, then the bank will want the charge done also otherwise they are not protected.

This post has been edited by Blue07: Feb 2 2008, 10:26 AM

its a double storey house.
anyway i will not sign the letter as i plan to sell off this property