USA Security Agreement

$17.99

Every commercial loan transaction should require the borrower to sign a Security Agreement - like this customizable digital template.

  • This form is only for use in the United States.
  • The borrower (debtor) grants the lender (secured party) a security interest in certain property of the borrower, as collateral to secure repayment of the borrower's indebtedness under a promissory note.
  • The parties intend the agreement to be a security agreement under the Uniform Commercial Code.
  • The secured party has the right to take whatever action it considers necessary to protect its security interest.
  • All amounts secured by the agreement become immediately due and payable if the borrower files for bankruptcy or becomes insolvent.
  • The debtor waives any statute of limitations with respect to enforcement of the secured party's lien.

No lender should be without a standard form Security Agreement. If you don't have one yet, download your copy now.

Download Type: Microsoft Word
SKU: 7385
Last Updated: 14-Apr-2016