Explain the appropriate security documentation

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Reference no: EM132919336

Omega bank granted Tools Sdn Bhd an overdraft of three months against the following security. Deposit of title deed No.1234, Lot 1188, Mukim of Alor Gajah, Melaka which has a bungalow erected thereon. Registered owner by Tools Sdn Bhd. Encumbrance with Nil. Personal guarantees from three directors of Tools Sdn Bhd.

Explain the appropriate security documentation and THREE (3) precautions that Omega bank must take to secure its lending.

Reference no: EM132919336

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