The Servicing Rights Purchase Agreement for SunTrust Bank was made available today by online legal document provider RealDealDocs.com.

The SunTrust Bank servicing rights purchase agreement with Wells Fargo Bank details the transfer of mortgage loans. The Countrywide Home Loans Inc. servicing rights purchase agreement with DB Structured Products Inc. sets the terms for the gradual purchase of residential mortgage loans. Both of these Servicing Rights Purchase Agreements are available in their entirety on the RealDealDocs.com website.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike.

RealDealDocs.com helps to cut drafting time in half and provides insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 4% [?]

The online legal document provider, RealDealDocs.com has released the  Receivables Transfer Agreements for JP Morgan Chase Bank.

The JP Morgan Chase Bank receivables transfer agreement with Trimas Corporation  was amended to restate the definitions of a number of terms from the original legal document. The execution of this Receivables Transfer Agreement is available in its entirety on the RealDealDocs.com website.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 3% [?]

The Recapitalization Agreement for Friedman, Billings, Ramsey Group Inc. was made available today by online legal document provider RealDealDocs.com.

The Friedman, Billings, Ramsey Group Inc. recapitalization agreement with First NLC Financial Services Inc. details the recapitalization of the mortgage loan company’s equity in two stages.  The Overseas Toys recapitalization agreement with Simon Worldwide Inc. sets the terms for an exchange of stock and liquidation options. Both of these Real Estate License Agreements are available in their entirety on the RealDealDocs.com website.

A Real Estate License Agreement is a legal document demonstrating the granting of permission by a party (”licensor”) to another party (”licensee”) as an element of an agreement between those parties.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike.

RealDealDocs.com helps to cut drafting time in half and provides insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 3% [?]

The Split Dollar Agreement for Mountain 1st Bank & Trust Company was made available today by online legal document provider RealDealDocs.com.

The Mountain 1st Bank & Trust Company split dollar agreement with an executive employee was recently amended to restate the division of the death proceeds of a life insurance policy through Midland National Life Insurance Company, on the executive’s life, to be effective until such time as the executive’s employment with Mountain 1st Bank & Trust is terminated.Another split dollar agreement was amended involving a number of notable life insurance companies and an executive from Nevada Security Bank. Both of these split dollar agreements are available in their entirety on the RealDealDocs.com website.

A split dollar agreement is a legal document under which two parties can split the benefits and costs of a specified transaction.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike.

RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 6% [?]

The online legal document provider, RealDealDocs.com has released a number of General Security Agreements for the top companies in America including many Fortune 500 companies. These are the actual legal documents drafted by the nation’s top law firms.

The Ardea Biosciences Inc. general security agreement with Oxford Finance Corporation and Silicon Valley Bank is a loan and security agreement concerning an eighty thousand dollar loan. Another Silicon Valley Bank general security agreement is the Drugtore.com Inc. loan and security agreement drafted and released in March 2009. Both of these General Security Agreements are available in their entirety on the RealDealDocs.com website.

A General Security Agreement is a legal document signed by a debtor granting a security interest to a lender in specified personal property pledged as collateral to secure a loan.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 6% [?]

The Split Dollar Agreement for Mountain 1st Bank & Trust Company was made available today by online legal document provider RealDealDocs.com.

The Mountain 1st Bank & Trust Company split dollar agreement with an executive employee was recently amended to restate the division of the death proceeds of a life insurance policy through Midland National Life Insurance Company, on the executive’s life, to be effective until such time as the executive’s employment with Mountain 1st Bank & Trust is terminated.Another split dollar agreement was amended involving a number of notable life insurance companies and an executive from Nevada Security Bank. Both of these split dollar agreements are available in their entirety on the RealDealDocs.com website.

A split dollar agreement is a legal document under which two parties can split the benefits and costs of a specified transaction.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike.

RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 4% [?]

New York Supreme Court witnessed the filing of a law suit brought by Merrill Lynch - now merged with Bank of America, against Germany’s Deutsche Bank over stealing financial employees. The legal leg this case stands on is a violation of a non-compete agreement.

The Merrill Lynch financial employee in question failed to honor the time period stated in his non-compete agreement with the company when he left to accept employment with Deutsche Bank.

Many corporations include non-compete agreements with their employment agreements for just this reason. Within the current employment crisis, this legal document can be a deterrent as mergers, failings and changes of control are quite common in both large and small companies.

The non-compete agreements for many of the top companies and corporations making use of these legal documents can be found at the online legal document resource RealDealDocs.com website.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com.
SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 4% [?]

A Revolving Credit Agreement is a legal contract between a bank and a customer, in which the bank promises to lend the customer money up to specified, maximum amount during a specified period of time. For instance, Bank A promises to extend credit to Customer B pursuant to the Revolving Credit Agreement, thus allowing the customer to access the credit from time to time, subject to a limitation on the outstanding balance of the credit accessed.

A Revolving Credit Agreement may authorize the customer to access the credit extended by either or both of the following: (1) Purchasing goods or services from a seller by means of the bank’s commitment to advance to the seller the payment for the goods and services purchased by the customer; (2) Obtaining an advance of funds by the bank or by another in reliance on the bank’s commitment to pay the funds advanced to the customer.

The agreement must also spell out the terms of the line of credit and what the bank plans to charge. A revolving credit agreement may permit the bank to charge a minimum monthly finance charge of one dollar for any month for which there is an unpaid balance on the customer’s account. Also, the bank must supply to its customer under a Revolving Credit Agreement a statement as of the beginning or end of each period in which there is any unpaid balance on the customer’s account, which period may be a calendar month or other regular period not in excess of thirty-one days.

Popularity: 8% [?]

It happens from time to time that even banks do not have enough money. A lender may make a loan request that one single bank cannot handle, either because it does not have the funds or because to make such a loan would put the bank outside its legal lending limits. The solution for this bank is the participation agreement, also called a loan participation agreement. A participation agreement allows a bank to enlist the wealth of other banks to handle this one loan. Typically, a single bank, called the lead bank, will originate the loan and then seek other banks to share in the risk and the revenues. The lead bank sells participation shares to the participating banks. The lead bank also services the loan and deals directly with the borrower, thereby retaining control of the relationship.

The act of selling shares can be seen as a securities issue-and banks can run afoul of securities laws-unless the participation agreement contains certain language about the exposure to risk and loss.

Participation agreements are mainly two-tracked. On the first track, all banks share equally in the profits and the risk in what is called a pari passu arrangement. On the second track, the lead bank is senior to the other subordinate banks; the lead bank is paid first. This second track can be subdivided further in to Last In, First Out and First In, First Out arrangements.

Banks are motivated to use participation agreements for several reasons. From the lead bank’s perspective, they are useful because they generate income for the lead bank; they spread the risk among other institutions; they allow the lead bank to manage the client relationship; and they offer the lead bank the opportunity to originate a loan that it might otherwise have been able to handle. From the perspective of the participating banks, these agreements share the wealth and allow such banks to generate income in slow markets and to diversify their investment portfolios.

Where banks run into trouble, apart from the securities question, is in glossing over scenarios that are possible, even likely to happen-that is, default by the borrower, profit sharing among the lenders, and the duties of the lead bank. Participating banks may not like the terms of the lead bank’s participation agreement-such as loan fees paid by the borrower to the lead bank will not be shared with participating banks, that the lead bank owes no fiduciary duty to the participating banks-but they will certainly appreciate seeing and knowing such terms up front and in clear language, rather than finding out later, only after such problems have surfaced. Banks are well advised to make the terms of the agreement very clear and to address all of these points.

Popularity: 6% [?]

RealDealDocs.com offers various online legal documents from agreements to contracts for your download and printing convenience. This release from RealDealDocs.com offers up the Mortgage Loan Purchase Agreement between Banc of America Mortgage Securities and Bank of America, National Association.

New York, New York - RealDealDocs.com is the place to go for sample legal documents online. They have just released and made available at no charge to you, the mortgage loan purchase agreement between Bank of America Mortgage Securities, a Delaware corporation and Bank of America, National Association.

A purchase agreement is a legal document used for the purchase and sale in which a seller agrees to sell and a buyer agrees to buy within specific terms and conditions. Thus the Bank of America Mortgage Securities and Bank of America, National Association mortgage loan purchase agreement is the legal agreement for Bank of America, National Association to purchase the mortgage loans held by Bank of America Mortgage Securities.

Last year, the mortgage industry took a hard hit and crumbled - leaving many homeowners unable to pay their mortgages, experiencing foreclosure, or watching their home and property values drop to record lows. The mortgage industry issue has become a central topic in the Presidential campaigns and a daily story in the local and national news media. In the wake of the sub-prime loan debacle, many mortgage banks have colossal lay-offs, downsizing and closures. The Bank of America mortgage loan purchase agreement is evidence of the severity of this economical situation.

The Bank of America mortgage loan purchase agreement stipulates the ground rules and expectations for both Bank of America Mortgage Securities and Bank of America, National Association. Some of the specific terms and conditions include purchase price, BPP mortgage loans, and recharacterization. The Bank of America mortgage loan purchase agreement is just one of hundreds of purchase agreements available at RealDealDocs.com and one of millions of sample legal documents they offer.

Documents, agreements and clauses available at RealDealDocs.com are drafted by many of the top law firms working both for Fortune 500 companies as well as those representing small capital companies. Since the RealDealDocs.com legal documents are written by these top law firms in the country, the available contracts and agreements provide a relevant work product and important competitive intelligence about how the top law firms are negotiating and drafting agreements for their clients.

More than 40 of the top 250 law firms from the National Law Journal use RealDealDocs.com products on a regular basis to lower the amount of time needed to draft a legal agreement. Plus, members at RealDealDocs.com can edit, save and download these documents in a printer-friendly format for their own use.

To view the Bank of America Mortgage Loan Purchase Agreement click here

To view other Mortgage Loan Purchase Agreements click here

Popularity: 4% [?]