Mortgage Loan Purchase And Sale Agreement Template for Australia

1. Servicing Arrangements: Required if the servicing of the loans is being transferred or new servicing arrangements are being established

2. Post-Completion Obligations: Include when there are specific ongoing obligations after completion

3. Security Trust: Required if a security trustee structure is being used

4. Treatment of Non-Performing Loans: Include if there are special arrangements for non-performing loans

5. Data Protection: Detailed section required if significant personal data is being transferred

6. Break Fees and Prepayment: Include if there are specific arrangements for handling break fees or prepayment features

7. Securitisation Provisions: Required if the loans are being purchased for securitisation purposes

8. Pool Audit Rights: Include if the purchaser requires specific audit rights for the loan pool

1. Schedule 1 - Loan Schedule: Detailed list of all mortgage loans being sold, including key characteristics

2. Schedule 2 - Eligibility Criteria: Criteria that each loan must satisfy to be eligible for purchase

3. Schedule 3 - Loan Warranties: Specific warranties given in relation to each mortgage loan

4. Schedule 4 - Transfer Procedures: Detailed procedures for effecting the transfer of the loans

5. Schedule 5 - Form of Transfer Documents: Pro forma transfer documents required for the transaction

6. Schedule 6 - Purchase Price Calculation: Detailed methodology for calculating the purchase price

7. Schedule 7 - Completion Checklist: List of all documents and actions required at completion

8. Appendix A - Form of Notice to Borrowers: Template for the notice to be sent to borrowers

9. Appendix B - Power of Attorney: Form of power of attorney if required for the transfer

10. Appendix C - Security Documents: List and copies of relevant security documents