Monitoring and Recovery Clause Samples

Monitoring and Recovery. Both lenders shall create the framework for day to day monitoring and recovery of the loan, as mutually agreed upon. Though both the lenders shall be responsible for monitoring and recovery of such loans as per mutually agreed terms, our bank will follow existing Credit Monitoring and Recovery norms as applicable to the borrower of Bank. However, NBFC will be primarily responsible for monitoring of loan accounts and recovery of dues as the pricing of NBFC is normally higher and it has done the origination and deals with the customer.