The policy is a commercial document that is used mainly for banking and financial contracts, such as personal loans and lines of credit, among others.
The notary must review the content of the policy and ensure that the security and legality of the document is guaranteed.
The policies establish the obligations and rights of each of the parties, in which one is usually a financial institution. They are mostly adhesion contracts, that is, they are predetermined by the bank or credit institution.
The function of the notary acquires special relevance in this type of contract, since he/she must ensure that the client is aware of what he/she agreed with the bank and that his/her consent is free.
If you need more information about policies, do not hesitate to contact us.