Collateral In Loan Agreement for New Zealand

Collateral In Loan Agreement Template for New Zealand

A comprehensive legal document governed by New Zealand law that establishes and details the security interest granted over specific assets (collateral) in connection with a loan agreement. The document outlines the terms and conditions of the security arrangement, including the description of collateral, borrower's obligations, lender's rights, enforcement mechanisms, and compliance requirements under the Personal Property Securities Act 1999. It provides the lender with security rights over specified assets in the event of default, while establishing clear guidelines for the borrower's continued use and maintenance of the collateral.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Collateral In Loan Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Collateral In Loan Agreement?

The Collateral In Loan Agreement is a crucial document in New Zealand's secured lending landscape, designed to protect lenders' interests by establishing security over borrowers' assets. This document is typically used when a loan is being secured against specific assets, whether tangible (such as equipment or inventory) or intangible (such as accounts receivable or intellectual property). The agreement must comply with New Zealand's Personal Property Securities Act 1999 and related legislation, ensuring proper creation, perfection, and enforcement of security interests. It includes detailed provisions about the collateral description, maintenance requirements, enforcement rights, and registration procedures. This document is essential for both commercial and consumer lending transactions where security is required, forming part of the broader loan documentation suite while specifically focusing on the collateral arrangements.

What sections should be included in a Collateral In Loan Agreement?

1. Parties: Identifies and defines the parties to the agreement, including the lender and borrower

2. Background: Sets out the context of the agreement, including reference to the main loan agreement and the purpose of the collateral arrangement

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation principles

4. Grant of Security Interest: Formally establishes the security interest over the collateral in favor of the lender

5. Collateral Description: Detailed description of the assets being provided as collateral, including any specific identifying information

6. Representations and Warranties: Borrower's confirmations regarding ownership, condition, and status of the collateral

7. Covenants: Ongoing obligations regarding the maintenance, use, and preservation of the collateral

8. Events of Default: Circumstances that constitute default under the agreement

9. Enforcement Rights: Lender's rights and remedies upon default, including power of sale

10. PPSA Provisions: Specific provisions required under the Personal Property Securities Act 1999

11. General Provisions: Standard contractual provisions including notices, amendments, governing law, and dispute resolution

What sections are optional to include in a Collateral In Loan Agreement?

1. Insurance Requirements: Required when the collateral must be insured, specifying required coverage and policy terms

2. Third Party Consent: Needed when third party approval is required for the security arrangement

3. Priority Arrangements: Used when there are multiple security interests requiring priority agreement

4. Cross-Collateralization: Included when the collateral secures multiple obligations

5. Guarantor Provisions: Required when there is a guarantor providing additional security

6. Special Dealing Provisions: Included when specific types of collateral require special handling or treatment

7. Registration and Perfection: Detailed provisions about PPSR registration when specific registration requirements exist

What schedules should be included in a Collateral In Loan Agreement?

1. Schedule 1 - Collateral Details: Detailed description and identification of all collateral items

2. Schedule 2 - Secured Obligations: Details of the loan agreement and other secured obligations

3. Schedule 3 - Permitted Security Interests: List of any pre-existing or permitted security interests over the collateral

4. Schedule 4 - Location of Collateral: Specified locations where collateral is to be kept

5. Schedule 5 - Form of Notice: Template notices for various situations (e.g., enforcement, insurance claims)

6. Appendix A - Registration Requirements: PPSR registration details and requirements

7. Appendix B - Insurance Requirements: Detailed insurance specifications and requirements

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 | Serial Founder & Legal AI Author

Jurisdiction

New Zealand

Publisher

Genie AI

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Relevant legal definitions
Relevant Industries

Banking

Financial Services

Commercial Lending

Asset Finance

Real Estate

Agriculture

Manufacturing

Retail

Construction

Professional Services

Technology

Transport and Logistics

Relevant Teams

Legal

Credit

Risk Management

Compliance

Commercial Banking

Corporate Finance

Loan Operations

Security Administration

Document Management

Business Development

Relevant Roles

Legal Counsel

Credit Manager

Loan Officer

Risk Manager

Commercial Banking Manager

Corporate Lawyer

Compliance Officer

Security Trustee

Debt Recovery Officer

Finance Manager

Chief Financial Officer

Credit Analyst

Business Development Manager

Relationship Manager

Industries
Personal Property Securities Act 1999: This is the primary legislation governing security interests in personal property in New Zealand. It covers the creation, registration, and enforcement of security interests in personal property, including the requirements for perfection of security interests.
Property Law Act 2007: This Act contains provisions relevant to security interests in real property and general property law principles that may affect collateral arrangements.
Contract and Commercial Law Act 2017: This Act consolidates various contract law statutes and provides the fundamental legal framework for contract formation, enforcement, and remedies in New Zealand.
Credit Contracts and Consumer Finance Act 2003: If the loan agreement involves consumer lending, this Act regulates credit contracts and includes provisions about disclosure requirements and unfair contract terms.
Financial Markets Conduct Act 2013: This may be relevant if the collateral arrangement is part of a broader financial product or service offering, particularly for business or investment purposes.
Companies Act 1993: If either party is a company, this Act contains relevant provisions about company powers, director duties, and requirements for corporate security arrangements.
Fair Trading Act 1986: This Act ensures fair trading practices and prohibits misleading or deceptive conduct in trade, which applies to loan and security arrangements.
Privacy Act 2020: This Act is relevant for handling personal information in the context of loan agreements and associated collateral arrangements.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Personal Loan Letter Between Friends

A New Zealand-compliant document that formalizes a personal loan agreement between friends, including loan terms, repayment conditions, and legal safeguards.

find out more

Written Loan Agreement

A New Zealand-compliant agreement setting out the terms and conditions of a loan, including amount, interest, repayment terms, and parties' obligations.

find out more

Small Loan Contract

A New Zealand-compliant small loan agreement template that sets out terms, conditions, and obligations for both lender and borrower under NZ law.

find out more

Pro Forma Loan Agreement

New Zealand-compliant loan agreement template setting out terms for lending arrangements, suitable for both commercial and consumer lending scenarios.

find out more

Revolving Credit Contract

A New Zealand law-governed agreement establishing a revolving credit facility between a lender and borrower, compliant with CCCFA requirements.

find out more

Loan Car Form

A New Zealand-compliant legal form for temporary vehicle loans, establishing terms and conditions between vehicle providers and borrowers.

find out more

Loan Agreement With Interest

A New Zealand-governed agreement establishing terms for a loan with interest, including repayment conditions and statutory requirements.

find out more

Money Loan Agreement

A New Zealand-compliant agreement establishing terms and conditions for a monetary loan between a lender and borrower, including repayment terms and obligations.

find out more

Family Member Promissory Note

A New Zealand-compliant promissory note documenting loan terms between family members, including principal amount, interest, and repayment conditions.

find out more

Debt Consolidation Agreement

A New Zealand-compliant agreement for consolidating multiple debts into a single loan, including terms, conditions, and statutory disclosures.

find out more

Vendor Finance Loan Agreement

A New Zealand-compliant agreement enabling vendor-provided financing for purchase of goods or services, including loan terms and security arrangements.

find out more

Fixed Sum Loan Agreement Early Settlement

New Zealand-governed fixed-sum loan agreement with early settlement provisions, compliant with CCCFA requirements.

find out more

Acknowledgement Of Debt Agreement

A New Zealand-compliant legal document where a debtor formally acknowledges their debt obligation and agrees to specific repayment terms.

find out more

Mortgage Spreader Agreement

A New Zealand legal document that extends an existing mortgage security to cover additional properties, compliant with NZ property law requirements.

find out more

Debt Payment Agreement

A New Zealand-compliant agreement that formalizes debt repayment terms between a creditor and debtor, including payment schedule, interest rates, and default provisions.

find out more

Loan Repayment Contract

A New Zealand-compliant agreement setting out terms and conditions for loan repayment between lender and borrower, including payment schedules and obligations.

find out more

Discounted Payoff Agreement

A New Zealand law-governed agreement that documents the settlement of an outstanding debt for a reduced amount, specifying payment terms and discharge conditions.

find out more

Overagreement

A New Zealand law-governed master agreement that establishes overarching terms for multiple underlying agreements between parties.

find out more

Litigation Financing Agreement

A New Zealand-governed agreement establishing terms for third-party funding of legal proceedings, including funding commitments, returns, and risk allocation.

find out more

Promise Note

A legally binding financial document under New Zealand law containing an unconditional promise to pay a specified sum of money to a designated party.

find out more

Peer To Peer Lending Contract

A New Zealand-compliant agreement establishing terms and conditions for peer-to-peer lending arrangements between lenders, borrowers, and P2P platforms.

find out more

Debt Agreement Contract

A New Zealand-compliant agreement establishing terms and conditions for lending arrangements between parties, including loan details, repayment terms, and legal obligations.

find out more

Loan Repayment Letter

A New Zealand-compliant formal letter outlining loan repayment terms and schedule between a lender and borrower.

find out more

Letter To Borrow Money From Friend

A formal letter document under New Zealand law that outlines the terms and conditions of borrowing money from a friend, including loan amount, repayment terms, and mutual obligations.

find out more

Contract For Land Purchase

A New Zealand-compliant legal agreement for the sale and purchase of land, detailing property transfer terms and conditions between vendor and purchaser.

find out more

General Loan Agreement

A New Zealand-compliant loan agreement template establishing terms for lending arrangements, suitable for both commercial and personal lending purposes.

find out more

Loan Novation Agreement

A New Zealand law-governed agreement that transfers loan obligations from an original borrower to a new borrower while maintaining the original lender's rights.

find out more

Student Loan Agreement

A New Zealand-governed agreement establishing terms and conditions for government-provided student loans, including loan amounts, repayment terms, and borrower obligations.

find out more

Simple Loan Application Form

A New Zealand-compliant loan application form for gathering applicant information and assessing creditworthiness under local lending regulations.

find out more

Payday Loan Contract

New Zealand-compliant payday loan agreement template incorporating CCCFA requirements and consumer protections for short-term lending.

find out more

Loan Guarantee

A New Zealand-governed agreement where a guarantor assumes responsibility for another party's loan obligations to a lender.

find out more

Investment Loan Contract

New Zealand-governed agreement establishing terms for investment-purposed lending, including loan terms, security arrangements, and regulatory compliance requirements.

find out more

Debt Repayment Contract

A New Zealand-compliant agreement establishing terms and schedule for debt repayment between creditor and debtor.

find out more

Employee Laptop Loan Agreement

A New Zealand-compliant agreement governing the loan of company laptop equipment to employees, including usage terms and return conditions.

find out more

Borrowing Form

A New Zealand-compliant borrowing form that establishes loan terms and conditions between lender and borrower, incorporating CCCFA requirements.

find out more

Device Loan Agreement

A New Zealand-compliant agreement governing the temporary loan of devices from an organization to individuals, establishing usage terms and responsibilities.

find out more

Simple Equipment Borrowing Agreement

A New Zealand-compliant agreement for temporary equipment lending, establishing terms for equipment use, maintenance, and return conditions.

find out more

Loan Out Agreement

A New Zealand-governed agreement for the provision of individual services through a loan-out company structure to an engaging business.

find out more

No Loan Agreement

A New Zealand-governed agreement that formally documents the non-existence of a loan between parties or confirms that a previous loan has been fully satisfied.

find out more

Memorandum Of Loan Agreement

A New Zealand-compliant agreement that establishes the terms and conditions of a loan between parties, including principal amount, interest, repayment terms, and obligations.

find out more
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