The Borrower Authorization Form is a critical document in the Nigerian lending process, required by financial institutions before processing loan applications. This document is essential for compliance with Nigerian banking regulations, particularly the Banks and Other Financial Institutions Act (BOFIA) 2020 and the Nigeria Data Protection Regulation (NDPR) 2019. It enables lenders to legally collect, verify, and share borrower information with relevant parties such as credit bureaus, employers, and other financial institutions. The form typically includes comprehensive authorization for credit checks, employment verification, and access to financial records, while protecting both the lender's interests and the borrower's rights under Nigerian law. It serves as a fundamental component of the loan application process, ensuring transparency and legal compliance in information handling.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Borrower Information: Detailed identification of the borrower including full name, address, identification numbers, and contact information
2. Purpose of Authorization: Clear statement of the purpose for which the authorization is being granted
3. Scope of Authorization: Specific details of what the borrower is authorizing, including credit checks, verification of employment, and access to financial records
4. Duration of Authorization: The time period for which the authorization remains valid
5. Information Access Consent: Specific consent for accessing and sharing personal and financial information in compliance with NDPR
6. Credit Bureau Authorization: Specific authorization for credit checks and reporting to credit bureaus
7. Declaration and Signature: Borrower's confirmation of understanding and agreement, with space for signature and date
1. Third-Party Authorization: Authorization to obtain information from specific third parties (used when verification from specific entities is required)
2. Electronic Communication Consent: Authorization for electronic communications and documentation (used when digital processes are involved)
3. Joint Borrower Information: Additional section for joint borrower details and authorization (used in cases of joint applications)
4. Specific Purpose Declarations: Additional declarations required for specific loan types (used for specialized loans like mortgages or business loans)
5. Language Declaration: Confirmation that the borrower understands the language of the document (used when dealing with non-English speaking borrowers)
1. Schedule A - Authorized Parties: List of financial institutions, credit bureaus, and other entities authorized to receive or provide information
2. Schedule B - Information Types: Detailed list of types of information that may be collected, verified, or shared
3. Schedule C - Required Documentation: List of supporting documents that the borrower agrees to provide
Relevant legal definitions
Authorized Parties
Authorization Period
Borrower
Co-Borrower
Credit Bureau
Credit Information
Credit Report
Consumer Credit Information
Confidential Information
Financial Institution
Financial Records
Information Recipients
Lender
Personal Data
Personal Information
Processing
Related Parties
Sensitive Personal Information
Third Party
Verification Sources
Authorization Period
Borrower
Co-Borrower
Credit Bureau
Credit Information
Credit Report
Consumer Credit Information
Confidential Information
Financial Institution
Financial Records
Information Recipients
Lender
Personal Data
Personal Information
Processing
Related Parties
Sensitive Personal Information
Third Party
Verification Sources
Clauses
Relevant Industries
Banking
Financial Services
Mortgage Lending
Microfinance
Consumer Lending
Commercial Lending
Real Estate Finance
Asset Finance
Agricultural Finance
Relevant Teams
Legal
Compliance
Credit Risk
Operations
Customer Service
Documentation
Underwriting
Front Office
Risk Management
Quality Assurance
Relevant Roles
Loan Officer
Credit Analyst
Compliance Officer
Legal Counsel
Risk Manager
Banking Operations Manager
Customer Service Representative
Mortgage Specialist
Credit Risk Officer
Documentation Specialist
Underwriter
Branch Manager
Financial Advisor
Relationship Manager
Find the exact document you need
Brand Authorisation Letter
A formal document under Nigerian law that authorizes specific usage of a brand or trademark, establishing terms and conditions for brand representation in the Nigerian market.
find out more
Authorization Letter With Notary
A legally binding notarized authorization document under Nigerian law that delegates specific powers from one party to another.
find out more
Authorization Letter To Use Motorcycle
A Nigerian legal document granting permission to operate a specific motorcycle, outlining usage terms and conditions under Nigerian law.
find out more
Authorization Letter To Receive Parcel
A Nigerian legal document authorizing a designated person to collect a parcel on behalf of the intended recipient, in compliance with Nigerian postal regulations.
find out more
Authorization Letter To Bank To Collect ATM Card
A formal Nigerian banking document authorizing a designated person to collect an ATM card on behalf of the account holder, compliant with CBN regulations.
find out more
Authorization For Release Of Protected Health Information
A Nigerian-law compliant authorization form for the release of protected health information between specified parties, ensuring patient privacy rights and regulatory compliance.
find out more
Letter To Bank For Change In Authorised Signatory
A formal notification to banks in Nigeria requesting changes to authorized signatories on company bank accounts, including necessary supporting documentation and regulatory compliance elements.
find out more
Client Authorisation Form
A Nigerian law-compliant document that formally authorizes a representative to act on behalf of a client, including scope of authority and authentication requirements.
find out more
Authorization Letter For Claiming Pension
A Nigerian legal document authorizing a designated individual to collect pension benefits on behalf of a pensioner, compliant with the Pension Reform Act 2014.
find out more
Authorization Letter Claiming Money
A Nigerian legal document authorizing a designated individual to collect or withdraw money from a bank account on behalf of the account holder.
find out more
Authorization To Treat A Minor
A Nigerian legal document authorizing medical treatment for minors in the absence of parents/guardians, compliant with local healthcare and child protection laws.
find out more
Authorization Letter For Claiming Salary
A Nigerian-compliant legal document authorizing a designated individual to collect salary on behalf of an employee.
find out more
Eft Agreement
A Nigerian law-governed agreement regulating electronic funds transfer services between financial institutions and their customers, aligned with CBN regulations.
find out more
Borrower's Certification & Authorization
A Nigerian-compliant document containing borrower's certification of loan application information and authorization for verification and information sharing by the lender.
find out more
Authorization For Disclosure Of Health Information Form
A Nigerian-law compliant consent form authorizing healthcare providers to release specified medical information to designated recipients.
find out more
Passport Parent Consent Form
A Nigerian legal document providing parental consent for minor's passport issuance, compliant with Nigerian Immigration Service requirements and child protection laws.
find out more
Approval Permission Letter To Conduct Research
A formal authorization document under Nigerian law granting permission to conduct specific research activities, outlining approved scope, conditions, and compliance requirements.
find out more
Parental Consent Letter For Visa Application
A Nigerian law-compliant formal document providing parental authorization for a minor's visa application and international travel.
find out more
Consent To Disclosure Of Information
A Nigerian law-compliant document establishing consent for information disclosure and use, aligned with NDPR 2019 requirements.
find out more
Authorization Letter For Cheque
A Nigerian legal document authorizing a designated individual to handle specific cheque transactions on behalf of an account holder, compliant with Nigerian banking regulations.
find out more
ACH Payment Form
A Nigerian-compliant form for establishing automated clearing house (ACH) payment arrangements between banks and account holders under CBN regulations.
find out more
Authorization Letter To Get Medical Records
A legal document under Nigerian law authorizing the release of specific medical records from healthcare providers to designated recipients.
find out more
Authorization Of Release Of Unemployment Records Form
A Nigerian legal form authorizing the release of individual unemployment records, compliant with national labor and data protection laws.
find out more
Letter Giving Permission To Discuss Medical Information
A Nigerian-compliant authorization letter allowing specified parties to discuss a patient's medical information with healthcare providers, aligned with NDPR 2019 requirements.
find out more
Authorization Letter To Act On My Behalf
A Nigerian legal document authorizing a designated person to act as representative of the authorizer for specified purposes, compliant with Nigerian agency and contract law.
find out more
Permit Letter Of Authorization
A Nigerian legal document granting specific permissions or authority to act on behalf of an authorizing party, in compliance with Nigerian federal and state regulations.
find out more
Eft Authorization Form
A Nigerian-compliant Electronic Funds Transfer (EFT) Authorization Form enabling secure and regulated electronic fund transfers under CBN guidelines.
find out more
Authorization Letter To Transfer Money To Another Account
A formal Nigerian banking document authorizing the transfer of funds from one account to another, compliant with CBN regulations and banking laws.
find out more
Authorization Letter To Sell Property
A legal document under Nigerian law that authorizes an agent to sell property on behalf of the owner, including specific powers and responsibilities for completing the sale transaction.
find out more
Authorization Letter For Claiming Documents
A Nigerian-compliant legal document authorizing a designated representative to collect or handle specific documents on behalf of the authorizer.
find out more
Authorization For Release Of Information Form
A Nigerian-compliant authorization form for information release, meeting NDPR 2019 requirements and enabling controlled disclosure of personal data.
find out more
Authorization Letter For Transcript Of Records
A formal Nigerian legal document authorizing an educational institution to release a student's academic transcript to a specified recipient.
find out more
Authorization Letter For Bank To Collect Cheque Book
A Nigerian-compliant authorization letter enabling a designated person to collect a cheque book from a bank on behalf of an account holder.
find out more
Authorization Letter For Diploma
A Nigerian legal document authorizing a designated person to collect an academic diploma on behalf of the rightful owner.
find out more
Vendor ACH Form
A Nigerian-compliant authorization form for setting up automated electronic payments to vendors through the ACH system.
find out more
Third Party Release Form
A Nigerian law-governed document that enables the formal release of claims or obligations, extending benefits to third parties while ensuring legal compliance and protection for all involved parties.
find out more
Third Party Authorization Form
A Nigerian law-compliant document that formally authorizes a third party to act on behalf of the authorizing party, with specific powers and limitations.
find out more
Tenant Release And Consent Form
A Nigerian legal document that formally releases a tenant from their lease obligations, ensuring compliance with local property laws while protecting both landlord and tenant interests.
find out more
Tenant Authorization Letter
A Nigerian legal document that authorizes a designated person to act on behalf of a tenant in matters relating to a rental property.
find out more
Permission Release And Consent Form
A Nigerian law-compliant form documenting explicit consent for use of personal information, images, or protected content, aligned with NDPR 2019 requirements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)