In addition to the above information, some lenders add additional reserves to a credit agreement. Here, too, credit conditions must be clear. The loan must approve the terms of the document. Both the borrower and the lender sign the agreement when the project is complete. A witness is recommended, but not always a legal necessity. A lender and/or borrower must find out the laws in which you reside to see if a witness or notary should see that the parties are signing the document, so both parties must provide proof of identity before signing before a notary. A person is a notary if the State has granted them a licence to perform such a role. The role of the notary is to ensure that there is no fraud during the official signing of the document. Part of the notarial deeds that the notary performs is to prove that the lender and the borrower are before entering into a contract, who they say they are. TAKING INTO ACCOUNT the Lender`s Loan, certain funds (the "Loan") to the Borrower and Borrower that will repay the Loan to the Lender are agreed by both parties to meet, abide by and abide by the commitments and conditions set out in this Agreement: Loan Transfer: If the Loan reaches a transfer point, the Transfer Right section is fulfilled, so that it can be transferred to another party. The party should participate in the signing of that part. There are other cases where a credit agreement may be required as follows: if this loan document does not meet your needs, we offer other types of loan agreements, including: the borrower and the lender should be identified so that the notary can carry out the necessary official verification when signing the loan. .