Loan Assumption Agreement Template for Hong Kong

1. Security Arrangements: Include when the loan is secured by collateral that needs to be transferred or renewed

2. Guarantor Provisions: Required when there are guarantors for the assuming borrower

3. Insurance Requirements: Include when specific insurance must be maintained on collateral

4. Tax Provisions: Include when there are specific tax implications or requirements for the assumption

5. Regulatory Compliance: Include when the assumption requires specific regulatory approvals or compliance

6. Interest Rate Adjustment: Include when the assumption involves changes to interest rate terms

7. Payment Restructuring: Include when payment terms are being modified as part of the assumption

1. Schedule 1 - Original Loan Agreement Details: Copy or summary of the original loan agreement terms

2. Schedule 2 - Outstanding Loan Amount and Payment Schedule: Current loan balance and payment requirements

3. Schedule 3 - Security Details: Description of any security or collateral for the loan

4. Schedule 4 - Conditions Precedent Documents: List of required documents and conditions to be satisfied

5. Schedule 5 - Form of Notices: Template notices required for the assumption process

6. Appendix A - Relevant Consents and Approvals: Copies of required third-party consents and regulatory approvals

7. Appendix B - Due Diligence Documents: List and copies of due diligence documents provided by assuming borrower