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Yes. You need to appoint a lawyer to draw up your loan security documentation.
Normally, the bank or financial institution will provide a panel of lawyers who
are familiar with their documentation requirements for you to choose
from.
If you
prefer to engage your own lawyer, you should discuss this with your
financial institution. Unless your own lawyer is the bank or financial
institution panel, else bank or financial institution wouldn't allow
them to execute the loan security documentation. Some bank or financial
institution will allow the non-panel lawyer to execute the loan security
documentation on ad-hoc basis.
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