Deed Of Assignment Of Loan Template for United States

A Deed of Assignment of Loan is a formal legal document used in the United States to transfer rights, title, and interest in a loan from one party (assignor) to another (assignee). This document, governed by both federal and state laws, creates a binding agreement that enables the complete transfer of loan obligations, including the right to receive payments and enforce the loan terms. It must comply with the Uniform Commercial Code and relevant state-specific requirements for assignment of debt instruments.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free
Upload to review

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Deed Of Assignment Of Loan?

The Deed of Assignment of Loan is commonly used when financial institutions, investors, or creditors wish to transfer loan rights and obligations to other parties. This document is essential in debt sales, portfolio transfers, and business restructuring scenarios. The deed must comply with U.S. federal regulations, including the UCC and FDCPA, as well as state-specific requirements. It typically includes detailed information about the original loan, outstanding amounts, payment terms, and any security arrangements. The document ensures clear transfer of rights while protecting all parties' interests and maintaining compliance with applicable lending laws.

What sections should be included in a Deed Of Assignment Of Loan?

1. Parties: Identification of assignor and assignee with full legal names and addresses

2. Background: Details of the original loan agreement and circumstances leading to the assignment

3. Definitions: Key terms used throughout the deed including Loan Agreement, Assignment Date, Rights, and Obligations

4. Assignment: Core terms of the transfer of rights, including the effective date and scope of the assignment

5. Consideration: Details of payment or other consideration for the assignment of the loan

6. Warranties: Assignor's warranties regarding ownership, right to assign, and status of the loan

7. Execution: Signature blocks, witnessing requirements, and notarization details

What sections are optional to include in a Deed Of Assignment Of Loan?

1. Security Provisions: Provisions dealing with the transfer of security interests and collateral rights

2. Representations: Additional statements about the loan's status, defaults, and modifications

3. Notice Requirements: Procedures and requirements for notifying the original borrower of the assignment

4. Further Assurance: Commitment to execute additional documents and take necessary steps to perfect the assignment

What schedules should be included in a Deed Of Assignment Of Loan?

1. Schedule A - Loan Details: Copy or summary of the original loan agreement including key terms

2. Schedule B - Outstanding Amount: Current balance, payment history, and amortization schedule

3. Schedule C - Security Details: Description of any security or collateral associated with the loan

4. Schedule D - Notices: Form of notices to be sent to borrower and other relevant parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

United States

Publisher

Genie AI

Cost

Free to use

Find the exact document you need

Short Form Deed Of Trust And Assignment Of Rents

An England & Wales legal document establishing a trust for property management and rental income assignment.

Download

Deed Of Assignment Of Shares

A legal document transferring ownership of shares from one party to another under English law.

Download

Deed Of Assignment Of Rights

A formal document in England & Wales verifying completion of court-ordered marriage counseling services.

Download

Deed Of Assignment Of Land

An England & Wales legal document certifying substantial completion of contracted construction works.

Download

Deed Of Assignment Of A Lease

An England & Wales document recognizing project completion and contributions, supporting career development and professional relationships.

Download

Deed Of Assignment Endowment Policy

An England & Wales legal document confirming project completion, triggering final payments and warranty periods.

Download

Assignment Of Deed Of Trust Form

A UK document certifying academic completion for employment, further education, and professional accreditation purposes.

Download

Assignment Deed For Resale Flat

A legal document in England & Wales verifying completion of training for professional competency and compliance.

Download

Deed Of Trust And Assignment Of Rents

A U.S. legal document creating a security interest in real property and its rental income, involving a three-party trust arrangement instead of a traditional mortgage.

Download

Deed Of Assignment Of Tenancy

A U.S. legal document that transfers lease rights and obligations from one tenant to another, subject to state property laws.

Download

Deed Of Assignment Of Loan

A U.S. legal document that transfers all rights and interests in a loan from one party to another, subject to federal and state regulations.

Download

Deed Of Assignment Of Equitable Interest

A U.S. legal document that transfers beneficial ownership rights in property while maintaining existing legal title arrangements.

Download

Deed Of Assignment And Transfer Of Rights

A U.S. legal document that formally transfers ownership rights from one party to another, requiring proper execution and often notarization.

Download

Deed Of Assignment And Assumption

A U.S. legal document that transfers rights and obligations from one party to another, requiring formal execution under state laws.

Download

Deed Of Absolute Assignment

A U.S. legal document that permanently transfers ownership rights from one party to another, requiring proper execution and notarization under state laws.

Download

Corporate Assignment Deed Of Trust

A U.S. legal document that transfers trust rights and obligations from one corporation to another, complying with federal and state trust laws.

Download

Confirmatory Deed Of Assignment

A U.S. legal document that formally confirms and validates a previous transfer of rights or assets between parties.

Download

Collateral Assignment Of Deed Of Trust

A U.S. legal document that assigns a deed of trust as collateral security for another obligation, subject to state and federal regulations.

Download

Assignment Of Security Deed

A U.S. legal document that transfers rights and interests in a security deed from one party to another, subject to federal and state property laws.

Download

Assignment Of Promissory Note To Trust

A U.S.-governed agreement transferring ownership rights of a promissory note to a trust entity.

Download

Assignment Of Promissory Note And Deed Of Trust

A U.S. legal document transferring rights to a promissory note and its associated deed of trust from one party to another.

Download

Assignment Of Note And Deed Of Trust

A U.S. legal document that transfers ownership rights in a promissory note and deed of trust from one party to another.

Download

Assignment Of Contract For Deed

A U.S. legal document that transfers a buyer's rights and obligations under a contract for deed to a new party.

Download

Assignment Of Beneficial Interest Form

A U.S. legal document that transfers beneficial interest in a trust from one party to another.

Download
See more related templates

Genie’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; Genie’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

2 Docs LeftAccess Now