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    Loan Participation Sale and Trust Agreement | USA


    Under this Agreement, a lead lender (Seller) participates in one or more loans by transferring an undivided participation ownership interest in the loan to another lender (Buyer).

    • The Buyer receives a percentage yield on its interest, plus a pro rata participation in any interest collected.
    • The Seller is entitled to the remainder of the interest plus any default penalties, late charges, etc.
    • The Seller will act as trustee with fiduciary duties to hold the participation ownership and legal title to the loans and receipts, and to make the required remittances.
    • The Seller, as trustee, will retain all loan documents, mortgage notes, and related items.
    • The Seller will continue to service the loans in the same manner as it services loans for its own account.
    • Available as a fully editable MS Word template.
    • Intended to be used only in the United States.
    Download Type: Microsoft Word
    Last Updated: 22-May-2023
    SKU: 4274