Financial

Overview of Notice Form

This template provides a legally required Notice of Right to Rescission for customers in the United States. It is designed for use in transactions such as loans, leases, purchases, or other agreements that may result in a lien or security interest being placed on the customer’s home.

Legal Requirement

Federal law mandates that customers must receive this notice in relation to transactions affecting their home’s title or security interest. The notice protects the customer’s rights by informing them of their ability to cancel the agreement.

Right to Cancel

Customers have the right to rescind (cancel) the contract within three business days from the date of the transaction. The notice clearly outlines this right and provides instructions for the cancellation procedure.

Usage Instructions

This template is a reusable legal form. After purchasing and downloading the document, you may use it as many times as needed for applicable transactions.

Jurisdiction

This document is intended for use within the United States.

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.

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.

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.

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.

Prepare a schedule for a Condominium Mortgage with this template form for Nova Scotia condominiums.

• The mortgagor covenants and agrees:
  • To comply with all the provisions of the Nova Scotia Condominium Act;
  • To promptly pay all assessments and payments due to the condo corporation;
  • That the mortgagee can treat any default under the schedule as a default under the mortgage;
  • To assign all of its voting rights to the mortgagee;
  • That if the mortgagor sells the property, the entire balance of the mortgage will become due.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Use this template to prepare a Postponement Agreement between two mortgage lenders holding mortgages on the same property in Nova Scotia.

• The parties agree that the second mortgage will take priority over the first mortgage.
• The first mortgagee agrees to postpone its security, in return for the second mortgagee paying the first mortgagee a specified sum.
• The template can be re-used over and over again, and edited to fit your business' requirements.
• Available in MS Word format.
• Intended to be used only in the Province of Nova Scotia, Canada.

Exchange assets for common shares with this Nova Scotia Section 85 Asset Rollover Agreement template.

• The transaction is a rollover made pursuant to the Nova Scotia Companies Act and s. 85(1) of the Income Tax Act (Canada).
• The parties to the transaction are a company and a shareholder. The shareholder transfers the assets to the company in return for common shares.
• Section 109(2) of the Companies Act requires the parties to execute a contract in this form prior to the issuance of the common shares.
• This Section 85 Asset Rollover Agreement is a downloadable template in MS Word format.
• Intended for use only in the Province of Nova Scotia, Canada.

Canadian mortgage lenders require mortgagors to provide a Declaration of Occupancy as part of the documentation for a residential mortgage loan.

• The purchasers declare that they do or will occupy the property as their principal residence and will not turn it into a rental property.
• The mortgage lender will require this Declaration as evidence that the purchasers plan to live on the property, as a condition of granting the mortgage.
• This form can be used in any Canadian province or territory.
• This is a free digital download.

Prepare an Offer to Purchase Undivided Interest in Property under a syndicated mortgage with this template form for Canada.

• The offer is made by an investor who wants to purchase an undivided interest in a syndicated mortgage investment.
• The offer contains representations and warranties given by each party.
• The purchaser, as a co-owner of the lands, directors that title be held in trust by the trustee appointed under the Co-ownership Agreement made among all the co-owners.
• The purchaser grants the vendor an unconditional irrevocable option to repurchase the interest for the purchase price.
• This legal form template is downloadable and editable.
• Intended for use only in Canada.