The Deed of Assignment of Loan is a crucial document used in New Zealand when transferring loan rights and obligations from one party to another. This document is commonly required in situations such as loan portfolio sales, debt restructuring, corporate reorganizations, or when financial institutions sell or transfer their loan books. The deed must comply with New Zealand legal requirements, particularly the Property Law Act 2007 and the Contract and Commercial Law Act 2017. It includes essential details about the original loan, the parties involved, consideration for the assignment, and any associated security interests. The document serves to protect the interests of all parties by clearly documenting the transfer terms and ensuring the continuing validity and enforceability of the loan under its new ownership.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies the Assignor (current loan holder), Assignee (new loan holder), and Borrower (original debtor)
2. Background: Recitals explaining the existing loan arrangement and the intention to assign the loan
3. Definitions and Interpretation: Defines key terms used in the deed and sets out interpretation rules
4. Assignment: Core clause that effects the transfer of the loan and all associated rights from Assignor to Assignee
5. Consideration: States the payment or other consideration for the assignment
6. Effective Date: Specifies when the assignment takes effect
7. Assignor's Warranties: Warranties regarding ownership of the loan, right to assign, and loan status
8. Further Assurance: Obligations to execute further documents or take additional steps if required
9. Notices: Procedure for giving notices under the deed
10. Governing Law: Specifies New Zealand law as governing law and jurisdiction
11. Execution: Formal execution block meeting New Zealand deed requirements
1. Security Assignment: Required if any security interests are being transferred with the loan
2. Borrower's Acknowledgment: Include if the borrower is party to the deed to acknowledge the assignment
3. Costs and Stamp Duty: Include if there are significant costs to be allocated between parties
4. GST: Required if the assignment has GST implications
5. Confidentiality: Include if specific confidentiality obligations are required
6. Power of Attorney: Include if Assignor grants power of attorney to Assignee to perfect the assignment
7. Partial Assignment: Required if only part of the loan is being assigned
1. Loan Agreement Details: Copy or details of the original loan agreement being assigned
2. Security Details: Details of any security interests associated with the loan
3. Loan Status Schedule: Current balance, payment status, and other key loan details
4. Notice of Assignment: Form of notice to be sent to the Borrower
5. Payment Details: Details of how the assignment consideration is to be paid
Find the exact document you need
Deed Of Covenant On Assignment Of Lease
A New Zealand legal document that binds a new tenant to the terms of an existing lease when the lease is being transferred, creating direct contractual obligations between the landlord and new tenant.
Download
Deed Of Assignment Of Goodwill
A New Zealand legal document that formally transfers a business's goodwill and associated intangible assets from one party to another.
Download
Deed Of Assignment Of Rental Income
A New Zealand law-governed deed that legally transfers the right to receive rental income from property from one party to another.
Download
Deed Of Assignment Of Property
A formal legal document under New Zealand law that transfers property ownership rights from one party to another, serving as a binding agreement for property assignment.
Download
Deed Of Assignment Life Policy
A New Zealand legal document that transfers ownership and benefits of a life insurance policy from one party to another, executed as a deed under NZ law.
Download
Deed Of Assignment By Way Of Security
A New Zealand legal instrument that creates a security interest by assigning specific assets or rights from an assignor to an assignee as collateral.
Download
Deed Of Assignment Of Shares
A New Zealand law-governed deed that formally documents and executes the transfer of shares from one party to another, ensuring legal compliance and proper documentation of ownership change.
Download
Deed Of Assignment Of Land
A New Zealand law-compliant deed that legally transfers land ownership from one party to another, meeting all requirements under NZ property law.
Download
Deed Of Trust And Assignment Of Rents
A New Zealand law-governed deed that establishes a trust structure and assigns rental income, typically used for security or investment purposes.
Download
Deed Of Assignment Of Loan
A New Zealand law-governed deed that transfers all rights and obligations under a loan agreement from one party to another, ensuring legal compliance and continued enforceability.
Download
Deed Of Assignment And Transfer Of Rights
A New Zealand law-governed deed that formally transfers rights, assets, or property from an Assignor to an Assignee, ensuring legal compliance and enforceability.
Download
Confirmatory Deed Of Assignment
A New Zealand law-governed deed that formally confirms and reinforces a previous assignment of rights, property, or obligations, providing additional legal certainty to the original transfer.
Download
Assignment Of Lease Deed
A New Zealand legal document that transfers lease rights and obligations from an existing tenant to a new tenant, with the landlord's consent.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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