I have a question regarding showing proof of funds. I have transferred money approx $8000 to my brother from my BOFA account last year September 2018. Will there be a problem If I show the funds that my brother is returning the lent money back now through bank statements and letter from my brother that he is returning the loan amount. Do I need to do any thing else and if anybody has done similarly to show proof of funds?
I am going submit a notarized promissary note from my brother for the $8000, mark it as Paid in Full and put my signature on it.
I will also explain in Letter of Explanation detailing the to and fro transaction to my brother’s account in the bank statements and state that they were related to the loan given to my brother and it is returned to me in full and also attach the promissary note for proof.