A Loan Purchase Agreement is commonly used when financial institutions or other entities wish to transfer loan assets, either for portfolio management, regulatory compliance, or strategic purposes. This agreement, governed by English and Welsh law, comprehensively documents the terms of the transfer, including price, conditions precedent, and ongoing obligations. It addresses crucial aspects such as regulatory compliance, borrower notifications, and the transfer of associated security interests. The document is particularly important in the context of debt sales, portfolio acquisitions, and financial institution restructuring.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification and details of the seller and purchaser of the loans
2. Background: Context of the transaction and brief description of the loan portfolio
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including price and payment mechanisms
5. Conditions Precedent: Conditions that must be satisfied before completion
6. Completion: Mechanics and timing of the transfer
7. Representations and Warranties: Statements of fact about the loans and parties
8. Undertakings: Ongoing obligations of the parties
1. Security Assignment: Transfer of associated security interests - include when loans are secured
2. Servicing Arrangements: Terms for ongoing loan servicing - include when seller continues to service the loans
3. Data Protection: Specific provisions for handling personal data - include when consumer loans are involved
1. Loan Schedule: Detailed list of loans being purchased including key information
2. Form of Transfer Notice: Template for notifying borrowers of the transfer
3. Completion Requirements: Detailed list of documents and actions required at completion
4. Warranties: Detailed warranties about the loan portfolio
5. Security Documents: List of security documents being transferred (if applicable)
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Interest Loan Agreement
A legal agreement under English and Welsh law establishing terms for a loan without interest charges.
find out more
Vehicle Payment Plan Agreement
An England & Wales agreement outlining vehicle purchase payment terms under the Consumer Credit Act 1974.
find out more
Simple Unsecured Loan Agreement
An England & Wales agreement for unsecured personal or business loans, detailing terms and borrower-lender obligations.
find out more
Simple Equipment Lease
An England & Wales contract outlining terms for straightforward equipment rental and associated responsibilities.
find out more
Simple Contract For A Loan
An England & Wales loan agreement outlining terms for private or small business lending without complex security.
find out more
Short Term Loan Agreement
An England & Wales agreement outlining terms for short-term financing under 12 months, ensuring compliance and security.
find out more
Simple Owner Finance Contract
An England & Wales contract offering alternative property financing, detailing loan terms, interest, and legal compliance.
find out more
Separation Financial Agreement
An England & Wales legal document formalizing financial arrangements for separating couples, covering assets and maintenance.
find out more
Seller Financing Real Estate Contract
An England & Wales contract facilitating property sale and financing when traditional mortgages are unsuitable.
find out more
Seller Financing Car Contract
An England & Wales contract outlining seller-financed vehicle sale terms and compliance with financial regulations.
find out more
Real Estate Loan Agreement
An England & Wales legal document outlining terms for property-secured lending transactions.
find out more
Promissory Loan Agreement
An England & Wales legal document outlining loan terms, repayment, and protections for lenders and borrowers.
find out more
Project Finance Contract
An England & Wales contract structuring complex project financing with detailed risk and security provisions.
find out more
Personal Car Loan Agreement
An England & Wales legal document outlining vehicle finance terms between a borrower and lender.
find out more
Personal Auto Loan Agreement
An England & Wales contract detailing vehicle financing terms and borrower obligations for regulated lender transactions.
find out more
Owner Finance Agreement
An England & Wales legal document outlining seller-financed property sale terms and obligations.
find out more
Master Loan Agreement
An England & Wales legal framework for standardized lending relationships, governing multiple loan transactions.
find out more
Loan Payback Agreement
An England & Wales agreement detailing terms for loan repayment, including schedules and default consequences.
find out more
Loan Agreement Between Spouses
An England & Wales legal document establishing a loan agreement between spouses with terms for repayment and interest.
find out more
Installment Loan Agreement
An England & Wales agreement detailing structured loan repayment terms under financial regulations.
find out more
Financing Contract Agreement
A legal document outlining terms and conditions for providing financial support between parties.
find out more
Financial Agreement Between Two Parties
An England & Wales legal document authorizing another party to collect specified items on behalf of the recipient.
find out more
Financed Sales Contract
An England & Wales legal document authorizing internet service disconnection, ensuring compliance with relevant regulations.
find out more
Formal Loan Agreement
An England & Wales legal document authorizing another's use of a credit card under specified conditions.
find out more
Equity Funding Agreement
An England & Wales legal document authorizing contractors for specific tasks, detailing scope, duration, and conditions.
find out more
Equipment Lease Purchase Option
An England & Wales legal document authorizing a third party to collect payment on behalf of the original payee.
find out more
Contract For Personal Loan
An England & Wales legal document authorizing third-party collection of items on behalf of another party.
find out more
Contract For Car Payments
An England & Wales legal document authorizing a representative to collect funds on behalf of another party.
find out more
Car Loan Agreement Between Individuals
An England & Wales legal document delegating company clearance authority for operational or administrative purposes.
find out more
Car Loan Agreement Between Family
An England & Wales legal document delegating authority to a Civil Registrar for registration-related actions.
find out more
Business To Business Loan Agreement
An England & Wales legal document authorizing cheque collection on behalf of the original payee.
find out more
Business Loan Term Sheet
An England & Wales legal document authorizing a representative to encash a check on behalf of the recipient.
find out more
Business Loan Contract
An England & Wales legal document authorizing an individual's formal name change for official record updates.
find out more
Bridge Facility Agreement
An England & Wales legal document authorizing the release of employment details for specific verification purposes.
find out more
Auto Finance Agreement
An England & Wales legal document authorizing financial transactions under specified conditions and limits.
find out more
Loan Agreement Secured By Property
An English law agreement establishing terms for a property-secured loan, including security rights and repayment obligations.
find out more
Private Party Auto Loan Contract
A contract under English and Welsh law governing private party vehicle loans between individuals.
find out more
Revolving Line Of Credit Loan Agreement
An English law agreement establishing a revolving credit facility with flexible draw-down and repayment terms.
find out more
Owner Financing Business Contract
A legal agreement under English and Welsh law where a business seller provides direct financing to the buyer, including terms of sale and payment arrangements.
find out more
Installment Loan Agreement Promissory Note
A legally binding document under English and Welsh law that combines a loan agreement and promissory note, establishing terms for installment-based loan repayment.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)