This form is a Loan Agreement. The lender agrees to make a loan to a company within the terms of the agreement. However, the lender is not obligated to lend the requested funds until it has received proper documentation from the company seeking to borrow money.
Washington Loan Agreement - Long Form
Category:
State:
Multi-State
Control #:
US-00559
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans.
A LPO is licensed to select, prepare, and complete approved documents for use in closing a loan, extension of credit, sale, or other transfer of real or personal property.
Applicants should have a thorough understanding and knowledge of: Real property and real estate law. The LPO scope of practice and conditions to render LPO services as set forth in APR 12. The LPO Rules of Professional Conduct (LPORPC) The suggested Study Topics. Forms for a closing transaction.
In Washington, the basic maxim is ?An agreement is enforceable if its terms are reasonably certain.? The terms of a contract are ?reasonably certain? if they provide the ability for determining a breach/default and for giving an appropriate remedy in case of breach/default.
Whether an oral contract is enforceable in Washington depends upon the circumstances surrounding the terms of the agreement?most notably, whether the agreement falls under the provisions of the so-called ?Statute of Frauds,? requiring that certain types of contracts must always be in writing and signed by the parties ...
