CANADA

Canadian lenders, secure repayment of a loan from a borrower with these Loan Transaction Forms for Canada. Fully editable and easy to customize to meet your needs.

Q. Why do I need to document a loan to a family member or close friend?

A. In order to be classified as a secured creditor you must document the loan and get some collateral from the borrower, such as a mortgage on their home or an encumbrance on a vehicle or other asset. Secured debts are not automatically wiped out if the borrower declares bankruptcy. Secured debts take priority over unsecured debts, and you will have the legal right to foreclose or repossess and sell the items given as collateral if the borrower fails to honour its payment obligations.

Q. What rate of interest can I charge?

A. If there is no provincial law in your area which governs how interest will be charged on a loan or mortgage, the Canada Interest Act applies. If you have not stated whether the interest rate is simple or compound interest, a court would probably rule that only simple interest will be charged.

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Picture of Loan Security Forms Package | Canada

Loan Security Forms Package | Canada

Are you loaning money or extending credit facilities to a customer or other party? Document your security interest as a creditor with this Loan Security Forms Package for Canadian lenders.

  • The package contains the following forms:
    • General Security Agreement,
    • Unconditional Guarantee and Postponement of Claim,
    • Promissory Note to be executed by the borrower.
  • Available in MS Word format.
  • Intended to be used only in Canada.
$46.99
Picture of Mortgage to Secure Commercial Loan | Canada

Mortgage to Secure Commercial Loan | Canada

Secure a commercial loan to a business with this fully editable template mortgage form for Canadian lenders.

  • The mortgage will be registered against the title to property owned by the borrower, to secure repayment of a commercial loan or other credit facility.
  • Interest is calculated annually and payable semi-annually. Payments are made against combined principal and interest.
  • The mortgage contains additional clauses for condominium properties.
  • This downloadable legal template can be used in most provinces and territories of Canada except Quebec.
$29.99
Picture of Motor Vehicle Security Agreement | Canada

Motor Vehicle Security Agreement | Canada

Obtain a security interest in a borrower's vehicle with this Motor Vehicle Security Agreement for Canadian lenders.

  • The borrower (debtor) grants the lender (secured party) a security interest in the borrower's motor vehicle, to induce the lender to give credit to the borrower.
  • The borrower will carry fire, theft, collision and comprehensive insurance on the vehicle, and pay all taxes, liens and charges against the vehicle.
  • The borrower is not allowed to sell or encumber title to the vehicle as long as the Agreement is in effect.
  • This template can be used in any province or territory of Canada except Quebec.
  • The legal form template is downloadable and fully editable.
$12.49
Picture of Notice of Interest in Collateral | Canada

Notice of Interest in Collateral | Canada

Give notice of your security interest in a debtor's collateral with this Notice of Interest in Collateral template for Canadian lenders.

  • The Notice must be given by a lender or other secured party to any other person or firm which has a security interest in the same collateral.
  • This form can be used in any province or territory of Canada which has a Personal Property Security Act.
  • Available in MS Word format.
$2.29
Picture of Notice of Purchase Money Security Interest | Canada

Notice of Purchase Money Security Interest | Canada

Give notice of a purchase money security interest in inventory with this template form for Canadian businesses.

  • The Notice is given by a supplier to other creditors of a customer to whom the supplier has sold inventory on credit, using the goods as collateral.
  • The Notice should be sent to any creditor who also has a security interest in the customer's inventory.
  • The supplier notifies the other creditors that its security interest may take priority over theirs.
  • This Notice form is available in MS Word format.
  • Intended for use only in Canada, pursuant to Personal Property Security Act legislation.
$2.29
Picture of Notice of Transfer of Collateral by Debtor | Canada

Notice of Transfer of Collateral by Debtor | Canada

Prepare a Notice of Transfer of Collateral by Debtor with this template form for Canadian loan transactions.

  • This form of notice is given by a debtor (borrower) to a secured party (lender), that the debtor has transferred or intends to transfer certain collateral over which the lender holds a security interest.
  • This Notice form is available in MS Word format.
  • Intended for use only in Canada, pursuant to Personal Property Security Act legislation.
$2.29
Picture of Notice to Account Debtor of Default by Principal Debtor | Canada

Notice to Account Debtor of Default by Principal Debtor | Canada

Prepare a Notice to Account Debtor of Default of Principal Debtor with this template form for Canadian lenders.

  • The notice is given by a lender to an account debtor (a party who owes money to a borrower) that the borrower has defaulted in paying its indebtedness to the lender.
  • The notice instructs the account debtor to repay the money it owes the borrower to the lender instead.
  • This Notice form is available in MS Word format.
  • Intended for use only in Canada.
$2.29
Picture of Nova Scotia Chattel Mortgage

Nova Scotia Chattel Mortgage

Prepare a Chattel Mortgage for a loan transaction in Nova Scotia with this downloadable template.

  • The Chattel Mortgage is being granted by a borrower to a lender as security for a loan.
  • The borrower will retain possession of the chattels and will pay all expenses related thereto, including taxes, repair costs, license fees, etc.
  • The promissory note is included with the mortgage form.
  • Available in MS Word format.
  • Intended to be used only in the Province of Nova Scotia, Canada.
$12.49
Picture of Nova Scotia Collateral Mortgage and Promissory Note

Nova Scotia Collateral Mortgage and Promissory Note

Prepare a Collateral Mortgage and Promissory Note for Nova Scotia with this downloadable template.

  • The borrower (mortgagor) will continue to hold the land and is responsible for paying all taxes, rates and assessments levied against the land.
  • The borrower is responsible for insuring the buildings on the land for full insurable value.
  • If the borrower defaults, the lender has the right to appoint a receiver of the property.
  • Available in MS Word format.
  • Intended to be used only in the Province of Nova Scotia, Canada.
$17.99
Picture of Ontario Assignment of Debt and Security

Ontario Assignment of Debt and Security

Assign your interest in a debt and its underlying security with this Assignment of Debt and Security form for the Province of Ontario.

  • The assignor (creditor) holds a security interest over the property and assets of a debtor as security for a loan.
  • The assignor assigns and transfers the security interest to another party who is purchasing all of the assignor's interest in the debt and the security.
  • This type of assignment is often part of a sale of a business that extends credit to its customers.
  • The form is available as a downloadable and fully editable MS Word document.
  • Intended to be used only in the Province of Ontario, Canada.
$8.99
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