Products tagged with 'loan security form'
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Directors Resolutions to Grant a Mortgage | Canada
Before a Canadian corporation can grant a mortgage to a lender, the Board of Directors must pass these resolutions to approve the action.
- The directors authorize the corporation to mortgage certain property to a lender as security for a loan, an operating line or other amounts advanced by the lender to the corporation.
- This downloadable template can be used by corporations incorporated under the Canada Business Corporations Act or under any provincial Business Corporations Act.
- A French language translation may be required for use in Quebec.
- The Directors Resolution to Grant Mortgage form for Canada is a fully editable and easy-to-use MS Word template.
$4.99
Loan and Charging Agreement | Canada
Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.
- The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
- The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
- If the borrower defaults in repaying the loan, title to the property will be transferred to the lender.
- Available in MS Word format.
- Intended to be used only in Canada.
$17.99
Share Pledge Agreement (Loan Security) | Canada
Under the terms of this Share Pledge Agreement for Canadian lenders, a borrower pledges shares to the lender as security for the loan.
- The lender will keep possession of the shares until the loan is repaid.
- The lender has the right to vote the shares and to receive any benefit (such as dividends) from the shares while the shares are being held as security.
- This legal form can be used in any Canadian province or territory.
- Download the Canada Share Pledge Agreement (Loan Security) for your loans department.
$6.29
Demand Promissory Note
If you are loaning money to someone, make sure you get paid back by having them sign this Demand Promissory Note.
- A demand promissory note is a note that must be repaid in full (including all interest) when the lender demands repayment.
- Interest on the principal amount accrues at a fixed rate and is calculated monthly.
- The principal can be prepaid by the borrower at any time without a penalty or premium being charged.
- The promissory note is a legal contract. When the borrower signs it, they are making a promise to repay the loan. If they don't pay it on time, you can take legal action.
- This is a generic legal form which is not country-specific.
- Download a free copy of the Demand Promissory Note and keep it handy for the next time you make a loan to anyone.
$0.00
Fixed Rate Closed Term Mortgage | Canada
Prepare a Fixed Rate Closed Term Mortgage with this template form for Canada.
- Standard provisions of the mortgage include:
- Equal monthly payments of blended principal and interest (and taxes, if the lender requires).
- On default, the lender has the right to take possession of the property by distress warrant or by foreclosing on the property.
- The lender has the right to bring legal action to recover mortgage arrears and costs, plus interest and any other amounts owing.
- Available in MS Word format.
- This template can be used in most Canadian provinces except for Quebec.
$29.99
Assignment of Loan Contracts
Assign various loan documents from one lender to another with this Specific Assignment and Transfer of Loan Contracts.
- The assignee assumes the original lender's rights under the contracts.
- The assignee has no liability with respect to the assigned rights and no obligation to perform the lender's obligations.
- The document includes a Notice of Assignment form that must be sent to each borrower and to any other party that has an interest in the contracts.
- This is a generic legal form which does not contain references to specific countries or jurisdictions.
- The Specific Assignment and Transfer of Contracts template is a downloadable MS Word document and fully editable to meet your needs.
$6.99