Financing Condition Purchase Agreement for the United States

Financing Condition Purchase Agreement Template for United States

A Financing Condition Purchase Agreement is a legally binding document used in the United States that combines elements of both a purchase agreement and financing conditions. It outlines the terms and conditions of a purchase that is contingent upon the buyer securing adequate financing. The agreement typically includes detailed provisions about the purchase price, payment terms, specific financing conditions, and consequences if financing cannot be obtained. It provides protection for both buyers and sellers while ensuring compliance with federal and state financing laws.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our United States-compliant Financing Condition Purchase Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Financing Condition Purchase 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 Financing Condition Purchase Agreement?

The Financing Condition Purchase Agreement serves as a critical document in transactions where the completion of a purchase depends on successful financing arrangements. This agreement type is commonly used in the United States when buyers require external funding to complete a purchase, providing protection for all parties involved. It includes specific details about financing requirements, timelines, and conditions that must be met for the purchase to proceed. The agreement ensures compliance with various federal and state regulations while establishing clear procedures if financing cannot be secured.

What sections should be included in a Financing Condition Purchase Agreement?

1. Parties: Identification of buyer, seller, and any financing parties

2. Background: Context of the transaction and purpose of the agreement

3. Definitions: Key terms used throughout the agreement including relevant financing and regulatory terms

4. Purchase Price and Payment Terms: Details of purchase price, payment schedule, and financing conditions

5. Financing Conditions: Specific conditions that must be met for financing approval

6. Representations and Warranties: Statements of fact by parties about their ability to enter into agreement and financial status

7. Closing Conditions: Conditions that must be satisfied before closing including financing requirements

8. Default and Remedies: Consequences of default and available remedies for all parties

9. General Provisions: Standard contract provisions including governing law, notices, and amendments

What sections are optional to include in a Financing Condition Purchase Agreement?

1. Security Interest: Details of any collateral securing the financing, required when secured financing is involved

2. Insurance Requirements: Required insurance coverage for financed property, included when financing involves significant assets

3. Due Diligence: Process for reviewing financial and other documentation, needed for complex transactions

4. Regulatory Compliance: Specific provisions addressing compliance with applicable federal and state regulations

What schedules should be included in a Financing Condition Purchase Agreement?

1. Schedule A - Property Description: Detailed description of property being purchased

2. Schedule B - Payment Schedule: Detailed payment terms and amortization schedule

3. Schedule C - Required Documentation: List of documents required for financing approval

4. Schedule D - Financing Terms: Detailed terms of financing including interest rates, payment periods, and conditions

5. Appendix 1 - Form of Security Agreement: Template for security agreement if applicable

6. Appendix 2 - Compliance Certificates: Required regulatory compliance certificates and forms

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

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Manufacturing
Retail
Technology

Relevant Teams

Finance
Legal
Procurement
Operations
Risk Management

Relevant Roles

Chief Financial Officer
Finance Director
Corporate Counsel
Procurement Manager

Industries

Truth in Lending Act (TILA): Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed

Equal Credit Opportunity Act (ECOA): Federal law that prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or whether applicant receives public assistance

Fair Credit Reporting Act (FCRA): Federal law that regulates the collection, dissemination, and use of consumer credit information

Consumer Credit Protection Act: Comprehensive federal law that protects consumers in various credit transactions and includes provisions for wage garnishment

Uniform Commercial Code (UCC): Comprehensive set of laws governing commercial transactions, particularly Article 2 (Sales) and Article 9 (Secured Transactions)

State Consumer Protection Laws: State-specific legislation designed to protect consumers from fraudulent or unfair business practices in financing transactions

State Usury Laws: State-specific regulations that set maximum interest rates and define what constitutes excessive or illegal interest charges

State Contract Laws: State-specific regulations governing the formation, execution, and enforcement of contracts

Securities Act of 1933: Federal law requiring registration of securities offerings and detailed financial disclosure to protect investors

Securities Exchange Act of 1934: Federal law governing secondary trading of securities and establishing the SEC

State Blue Sky Laws: State-specific securities regulations designed to protect investors against fraudulent sales practices and activities

Dodd-Frank Act: Comprehensive financial reform legislation enacted in response to the 2008 financial crisis, including consumer protection provisions

CFPB Regulations: Rules and guidelines issued by the Consumer Financial Protection Bureau governing consumer financial products and services

Federal Reserve Board Regulations: Banking regulations that may affect financing terms, rates, and disclosure requirements

Anti-Money Laundering Regulations: Federal requirements for financial institutions to help detect and prevent money laundering and fraud

Bank Secrecy Act: Federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering

Find the exact document you need

No matches found.

Unsecured Loan Agreement Between Two Companies

A U.S.-governed agreement establishing terms for an unsecured loan between two companies, including repayment obligations and default provisions.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Financing Condition Purchase Agreement?

What sections should be included in a Financing Condition Purchase Agreement?

What sections are optional to include in a Financing Condition Purchase Agreement?

What schedules should be included in a Financing Condition Purchase Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Unsecured Loan Agreement Between Two Companies

Unsecured Loan Agreement Between Company And Individual

Financing Condition Purchase Agreement

Cash Loan Agreement

Loan Agreement Secured By Property

Equity Participation Loan Agreement

Private Party Auto Loan Contract

Revolving Line Of Credit Loan Agreement

Retail Installment Credit Agreement

Partnership Deed For Finance Business

Municipal Lease Purchase Agreement

Owner Financing Business Contract

Seller Financing Contract For Deed

Standard Trade Credit Agreement

Owner Financing Lease Purchase Agreement

Tri Party Loan Agreement

Rehabilitation Loan Agreement

Future Receivables Factoring Agreement

Owner Financing Contract For Deed

Production Financing Distribution Agreement

Bill Of Sale Finance Agreement

Auto Loan Agreement

Loan Payoff Agreement

Commercial Finance Agreement

Simple Loan Agreement Between Friends

Master Asset Finance Agreement

Loan Agreement Shareholder To Company

Individual Loan Agreement

Auto Loan Agreement Between Friends

Small Credit Agreement

Recourse Loan Agreement

Loan Amortization Agreement

Car Payment Plan Contract

Medical Equipment Loan Agreement

Simple Loan Note Agreement

Monthly Payment Plan Agreement

Floor Plan Financing Agreement

Employee Car Loan Agreement

Deed Of Trust Loan Agreement

Business Seller Financing Agreement

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Templates

Contract Templates

Letter Templates

Policy Templates

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

Generate Legal Docs Free