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The Loan Broker Agreement is essential for establishing a formal relationship between licensed loan brokers and their clients in South Africa. This document is typically used when a client requires professional assistance in securing financing or loans, ensuring compliance with South African financial services regulations, particularly the National Credit Act and FAIS Act. The agreement covers crucial aspects such as service scope, compensation structures, regulatory compliance requirements, and risk allocation. It includes specific provisions for South African financial services licensing, consumer protection, and anti-money laundering compliance. The document is designed to protect both parties' interests while ensuring transparency and regulatory compliance in loan broking services.

1. Parties: Identification of the loan broker and the client, including registration numbers and licensed status

2. Background: Context of the agreement, purpose of the loan broking services, and regulatory framework

3. Definitions and Interpretation: Key terms used in the agreement, including regulatory terms from NCA and FAIS Act

4. Appointment and Scope: Formal appointment of broker and detailed description of authorized services

5. Duration: Term of the agreement, renewal provisions, and termination conditions

6. Broker's Obligations: Core duties, compliance requirements, and service standards

7. Client's Obligations: Information provision, cooperation requirements, and payment obligations

8. Fees and Commission: Compensation structure, payment terms, and disclosure requirements

9. Compliance and Licensing: Regulatory compliance obligations, maintaining licenses, and reporting requirements

10. Confidentiality: Protection of confidential information and data protection compliance

11. Representations and Warranties: Key promises and assertions by both parties

12. Limitation of Liability: Scope of broker's liability and indemnification provisions

13. Termination: Grounds for termination, notice requirements, and post-termination obligations

14. General Provisions: Standard boilerplate clauses including notices, governing law, and dispute resolution