Common use of Bank Statement Clause in Contracts

Bank Statement. 6.1 The Borrower hereby confirms that if he/she has not received any bank statement at any time, the Borrower will be request the Bank to send the bank statement. 6.2 The Borrower hereby commits that he/she will thoroughly check all bank statements received from the Bank. Wthin 30 days from the date on which the bank statement has been sent to Borrower, if the Borrower does not have any objection in respect of such Bank statement, the outstanding amount and the loan due date shown on the bank statement will be considered as correct and the fact that the Borrower has not had any feedback will be deemed as the Borrower’s confirmation on the correctness of the bank statement.