CLASS D

MANUAL OF OPERATION
FOR THE ADLS PROVINCIAL LENDING CENTERS
Pre-Release Documentation

0803 INTERNAL CONTROLS

1. Ensure that the loan documents and security/collateral

documents shall be signed by the borrower and mortgagor, to
include co-maker, when applicable, in the presence of Bank
representatives and that their signatures are duly verified by the
ASO.

2. For corporate accounts, require the specimen signatures of the

CORSEC at the start of the documentation period. Said specimen
signature shall be signed in the presence of the AO/AA.

3. Ensure that the mortgage in favor of LANDBANK shall be duly

annotated on the collateral.

4. Ensure that the legal sufficiency memo shall be issued by the

FLO prior to loan release.

5. All original documents shall be kept inside the vault and

evidenced by the Securities-in/out Slip (Exhibit 8.19).

6. Observe accurate booking/memo-entries of “Items Held as

Collateral”.

Page : 0803.1
Date First Prepared : March 2013
Date Last Revised :