BS 79 form (officially ) is a specialized banking document used primarily by the State Bank of India (SBI)
in the context of commercial and small-to-medium enterprise (SME) loans. Purpose and Function Lien Acknowledgment
: It serves as a formal letter of acknowledgment regarding the bank's lien on goods stored in a leased warehouse or godown. Priority of Claims
: Through this form, a landlord or godown owner confirms that the bank has a prior claim (lien) on the stored assets, even if there are outstanding rent payments. Access Rights bs 79 form pdf
: The document grants the bank or its representatives the right to enter the premises to inspect or take possession of the goods if necessary. When It Is Required SME Loan Documentation
: It is a standard requirement in the checklist for SBI SME loans when the business operates from rented or leased premises. Inventory Financing
: It is typically used when inventory (stocks) serves as collateral for a Cash Credit (CC) or term loan facility. Key Components of the PDF Landlord's Declaration : A signed statement from the owner of the premises. Waiver of Distraint BS 79 form (officially ) is a specialized
: The landlord waives their right to seize the tenant's goods for unpaid rent in favor of the bank's interest. Address and Details
In the past, obtaining this form meant a trip to the Ministry of Education or the designated HR office. Today, the process is streamlined through digital access.
Where to find it: The form is typically hosted on the official websites of the Ministry of Education, Youth and Information (MoEYI) or the Office of the Services Commissions (OSC). Section 1: Lender (Chargee) Details
Steps to Download:
Tip: Always ensure you are downloading from a government domain (ending in .gov.jm) to ensure you have the most current and valid version of the PDF.
After filling out the form, you need to produce a clean, professional PDF for records and submission. Follow this workflow:
BS79_YourName_Date.pdf.| Feature | BS 79 Form (Equitable Charge) | Modern Legal Charge (Mortgage Deed) | | :--- | :--- | :--- | | Formality | Less formal, no registration required at creation | Must be registered at HM Land Registry | | Security | Lower priority if another creditor exists | First legal charge – highest priority | | Enforcement | Requires court order to sell property | Lender can often sell without court order | | Cost | Lower legal fees | Higher due to registration and solicitors | | Use Case | Short-term, private, or bridge loans | Standard residential mortgages |
Note: A BS 79 form does not replace a formal mortgage. It is a stopgap for situations where speed is essential.