Lender proof of source of funds?
Hello,
Does a lender have to or will they ask where the money comes from, or is the loan agreement simply sufficient? Will someone then contact the lender?
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If the lender had the money so far under the pillow and you paid it to an account – this could be so.
If there is the loan contract, he transfers the money to your account – you have the contract as proof.
Since it is a larger amount – the contract should also provide for repayment as well as interest – otherwise this could be interpreted as a gift.
Exactly.
It's a bigger amount. Only the lender asks me if he has to prove somewhere or at some point where he has the money, for money laundering.
I didn't know the answer and I couldn't find anything on the net.
The broadcaster is not asked where he has the money or what do you mean?