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Loan Agreement - new matter type

Following client requests, a new Loan Agreement matter type has been added to all jurisdictions and is located in the following folders:
  • Conveyancing & Property > Mortgages > Loan Agreement (defaults to acting for the borrower)
  • Other Areas of Law > Banking & Finance > Mortgages > Loan Agreement (defaults to acting for the lender)
Loan Details table The loan details table has been created to specifically provide the necessary fields for no security loan agreement precedents. All these fields will automate into these precedents: Guarantor's subsidiary layout When a card is entered in the guarantor's table, a guarantor's subsidiary layout will appear for completion. Again, all these fields will automate into the no security loan agreement precedents: Critical Dates The following critical dates have been assigned as defaults to this matter type:
  • Instruction date
  • Loan agreement executed
  • Date advance anticipated
  • Funding date
  • Final instalment due
  • File review date
  • Completion / Settlement Date
  • Not proceeding date
Folders and Forms Added The necessary LEAP folders have been created and/or shortcut to each jurisdiction (where applicable) including:
  • Initial File Setup
  • Verification of Identity
  • Relevant Revenue Office
  • Relevant Land Titles Office
  • Legal Profession Uniform Legal Practice Rule forms
A new file cover sheet has been added for each jurisdiction as follows:
  • File cover sheet – Loan agreement [LL-NSW-GEN-0082]
  • File cover sheet – Loan agreement [LL-VIC-GEN-039]
  • File cover sheet – Loan agreement [LL-QLD-GEN-027]
  • File cover sheet - Loan agreement [LL-SA-GEN-001]
  • File cover sheet – Loan agreement [LL-ACT-GEN-002]
  • File cover sheet – Loan agreement [LL-WA-GEN-007]
  • File cover sheet – Loan agreement [LL-NT-GEN-001]
  • File cover sheet – Loan agreement [LL-TAS-GEN-008]
If you would like to provide feedback on the new matter type, or request new forms or precedents, please email the content team at content@leap.com.au

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Blog Article: Loan Agreement - new matter type