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This document is a revised Master Lender Agreement detailing the terms and conditions for commercial PACE financing under the NYC Accelerator Program. It includes a comparison of changes from a previous version, emphasizing updates regarding project financing processes, additional project eligibility criteria, and the roles of various parties involved in the lending process.
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A master lender agreement is a contractual arrangement that governs the terms and conditions under which a lender provides loans to borrowers, and it often outlines the responsibilities and expectations of both parties.
Typically, lenders who engage in originating loans or lending activities under specific financial programs or regulations are required to file a master lender agreement.
To fill out a master lender agreement, one must gather necessary business and financial information, complete required sections accurately, ensure compliance with legal requirements, and submit the document to the appropriate regulatory body or governing authority.
The purpose of a master lender agreement is to establish a clear framework and guidelines for lending operations, facilitate compliance with regulations, and protect the rights and obligations of both lenders and borrowers.
Information that must be reported on a master lender agreement typically includes lender identification, terms of the loan, interest rates, fees, repayment schedules, and legal obligations of both parties.
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