The Borrower Authorization Form is a fundamental document in Canadian lending operations, required whenever a financial institution needs to perform due diligence on a potential borrower. This document is essential for compliance with Canadian privacy laws and banking regulations, particularly PIPEDA and provincial consumer protection legislation. The form enables lenders to collect, verify, and share necessary information about the borrower with relevant third parties, including credit bureaus, employers, and other financial institutions. It typically includes authorizations for credit checks, employment verification, and sharing of financial information. The document is used across various lending contexts, from personal loans to mortgages and business lending, and must be obtained before any significant information gathering or verification processes can begin.
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.
1. Borrower Information: Personal/business information of the borrower including full legal name, address, and contact details
2. Purpose of Authorization: Clear statement of the purpose for which the authorization is being provided
3. Credit Bureau Authorization: Specific consent for obtaining credit reports and ongoing credit monitoring
4. Information Collection Consent: Authorization for collection and verification of employment, income, and other relevant financial information
5. Information Sharing Authorization: Consent for sharing information with necessary third parties including lenders, insurers, and service providers
6. Duration of Authorization: Specification of how long the authorization remains valid
7. Privacy Statement: Brief statement about how personal information will be protected and handled
8. Acknowledgment and Signature: Confirmation of understanding and agreement, with space for signature and date
1. Business Information Authorization: Additional authorization for business-related information verification, used when the borrower is applying for business lending
2. Property Information Consent: Authorization for property verification and appraisal, included for mortgage applications
3. Co-Borrower Authorization: Additional section for co-borrower information and consent, used when there are multiple borrowers
4. Digital Communication Consent: Optional authorization for electronic communication and document delivery
5. International Information Sharing: Additional authorization for cross-border information sharing, used when foreign financial institutions are involved
1. Schedule A - Authorized Third Parties: List of specific third parties authorized to receive or verify borrower information
2. Schedule B - Scope of Information: Detailed list of types of information authorized for collection and sharing
3. Schedule C - Electronic Communication Details: Specific terms and conditions for electronic communications and digital document delivery
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Mortgage Lending
Real Estate
Insurance
Credit Reporting
Consumer Finance
Commercial Lending
Relevant Teams
Legal
Compliance
Lending
Risk Management
Credit Assessment
Customer Service
Documentation
Operations
Privacy
Underwriting
Relevant Roles
Loan Officer
Mortgage Specialist
Credit Analyst
Compliance Officer
Privacy Officer
Legal Counsel
Lending Manager
Risk Assessment Manager
Financial Services Representative
Customer Service Manager
Documentation Specialist
Underwriter
Find the exact document you need
Authorization Letter To Collect Money
A Canadian legal document authorizing a designated party to collect money on behalf of another, compliant with federal and provincial regulations.
find out more
Brand Authorisation Letter
A Canadian-compliant formal letter granting authorization for specific brand or trademark usage, outlining terms and conditions under Canadian law.
find out more
Written Authorization Letter
A Canadian-compliant formal document that grants specific permissions or authority to act on behalf of another party, subject to federal and provincial regulations.
find out more
Authorization Letter For Money Claim
A Canadian legal document authorizing a designated party to claim money on behalf of another individual or entity, compliant with federal and provincial regulations.
find out more
Vital Records Authorization Form
A Canadian legal document authorizing the release of vital records, compliant with federal and provincial regulations.
find out more
Passport Parent Consent Form
A Canadian legal document providing parental consent for a child's passport application, complying with federal passport regulations and provincial family law.
find out more
Authorization Letter To Pick Up Parcel
A Canadian legal document authorizing a designated person to collect a parcel on behalf of the intended recipient, compliant with federal and provincial regulations.
find out more
Authorization Letter To Use Credit Card
A Canadian-compliant formal document that authorizes a designated person or entity to use the cardholder's credit card under specified conditions.
find out more
Authorization Letter To Claim Money On My Behalf
A Canadian legal document authorizing a designated individual to collect or claim money on behalf of another person, subject to federal and provincial financial regulations.
find out more
Parental Consent Letter For Visa Application
A Canadian legal document providing parental authorization for a minor's visa application and international travel, requiring proper authentication and compliance with federal and provincial regulations.
find out more
Medical Consent Form For Minors
A Canadian legal document authorizing medical treatment for minors, providing healthcare providers with parental consent for both routine and emergency care.
find out more
Consent To Disclosure Of Information
A Canadian legal document authorizing the disclosure of personal information in compliance with federal (PIPEDA) and provincial privacy laws.
find out more
Authorization Letter To Claim Allowance
A Canadian legal document authorizing a designated person or entity to claim benefits or allowances on behalf of another individual.
find out more
Authorization Letter For Selling Motorcycle
A Canadian legal document authorizing a designated person to sell a motorcycle on behalf of the owner, compliant with provincial vehicle transfer regulations.
find out more
Authorization Letter For Police Clearance
A Canadian legal document authorizing police authorities to conduct and release criminal background check information, compliant with federal and provincial privacy laws.
find out more
Authorization Letter For Motorcycle
A Canadian legal document granting permission from a motorcycle owner to another party for temporary use or operation of a specific motorcycle, compliant with provincial regulations.
find out more
Authorization Letter For Cheque
A Canadian legal document authorizing a designated person to handle cheque-related transactions on behalf of an account holder, compliant with federal and provincial banking regulations.
find out more
Consent To Disclose Personal Information
A Canadian-compliant consent form for authorizing the disclosure of personal information, adhering to PIPEDA and provincial privacy laws.
find out more
Authorization To Release A Medical Certificate
A Canadian-compliant authorization form allowing healthcare providers to release medical certificates to specified recipients while maintaining patient privacy rights.
find out more
Authorization Letter For Apostille
A formal Canadian authorization document enabling designated parties to handle document authentication and legalization processes for use abroad.
find out more
Permission Authorization Letter
A Canadian-compliant formal document that grants specific permissions or authority from one party to another, following federal and provincial legal requirements.
find out more
Authorization Letter From Landlord To Tenant
A Canadian legal document where a landlord formally grants specific permissions to a tenant regarding the rental property, governed by provincial tenancy laws.
find out more
Authorization Letter For Withdrawal
A Canadian legal document authorizing a designated individual to withdraw funds from another person's bank account, compliant with federal banking regulations.
find out more
Authorized Signatory Letter
A Canadian corporate document that formally authorizes designated individuals to sign documents and enter into agreements on behalf of an organization, in compliance with federal and provincial regulations.
find out more
Authorization Letter To Submit Visa Application
A Canadian legal document authorizing a representative to submit and manage a visa application on behalf of the applicant, in compliance with federal immigration laws.
find out more
Authorization Letter To Transfer Money To Another Account
A Canadian-compliant formal document authorizing a financial institution to transfer specified funds from one account to another, meeting federal banking and provincial legal requirements.
find out more
Authorization Letter For Receiving Package
A Canadian-compliant legal document authorizing a designated person to collect a package on behalf of the rightful recipient.
find out more
Authorization Letter To Get Diploma And Transcript Of Records
A Canadian-compliant legal document authorizing a designated person to collect academic credentials on behalf of a student.
find out more
Authorization Letter For Water Connection
A legal document used in Canada authorizing water authorities or utility companies to install or modify water connections to a specified property.
find out more
Authorization Letter To Sell Property
A Canadian legal document authorizing a designated person or entity to sell property on behalf of the owner, subject to provincial property laws and regulations.
find out more
Authorization Letter For ATM Card Collection
A Canadian-compliant authorization letter enabling a designated person to collect an ATM card on behalf of the card owner.
find out more
Letter Of Authorization From Property Owner
A Canadian legal document where a property owner formally authorizes another party to act on their behalf regarding specific property-related matters.
find out more
Automatic Deposit Form
A Canadian-compliant form authorizing regular electronic fund transfers to a designated bank account.
find out more
Authorization Letter For Transfer Of Ownership
A Canadian legal document authorizing the transfer of property ownership from one party to another, compliant with provincial regulations.
find out more
Authorization Letter For Transaction
A Canadian-compliant formal document authorizing a designated party to conduct specific transactions on behalf of another party, meeting federal and provincial legal requirements.
find out more
Authorisation Letter To Collect Certificate
A Canadian legal document authorizing a designated individual to collect an official certificate on behalf of another person.
find out more
Authorization Letter For Payment
A Canadian-compliant formal document authorizing specific parties to handle payments on behalf of the authorizing individual or organization.
find out more
Authorization Letter For Opening Bank Account
A Canadian legal document authorizing a designated person to open a bank account on behalf of another individual or entity, compliant with federal banking regulations.
find out more
Authorization Letter For Medical Records
A Canadian-compliant authorization letter for the release and transfer of medical records, meeting federal and provincial privacy requirements.
find out more
Authorization Letter For Baptismal Certificate
A Canadian-compliant authorization letter for requesting and obtaining official baptismal certificates from religious institutions, incorporating federal and provincial privacy requirements.
find out more
ұԾ’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; ұԾ’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)