Loan Agreement - Personal - Texas

TEXAS PERSONAL LOAN — REVIEW SCHEDULE AND AGREEMENT

Delete this instruction page and all unused options only after Texas counsel approves the completed transaction schedule and final text.

Part 1 — Mandatory transaction and legal review schedule

1. Parties and purpose

2. Regulatory classification

For every row, insert the current official source, conclusion, and responsible reviewer. “Not applicable” requires a reason.

3. Collateral and support

• Unsecured loan: [YES / NO]
• Collateral proposed: [NONE / DESCRIPTION]
• Texas homestead or jointly owned property involved: [YES / NO / ANALYSIS]
• Security instrument, perfection, filing, recording, insurance, appraisal, or notice required: [DETAILS]
• Guaranty proposed: [YES / NO]
• Guarantor status, consideration, disclosures, and separate agreement: [DETAILS]

Do not add a lien, mortgage, security interest, guaranty, repossession right, confession of judgment, wage assignment, power of attorney, or self-help remedy to Part 2 without a separately approved instrument and current-law review.

4. Final drafting selections

Counsel approval: ______________________________ Date: [DATE]

Part 2 — Personal loan agreement

1. Parties and effective date

This Personal Loan Agreement (the “Agreement”) is entered into on [EFFECTIVE DATE] by:

Lender: [LEGAL NAME], [INDIVIDUAL OR ENTITY TYPE], with an address at [ADDRESS].

Borrower: [LEGAL NAME], [INDIVIDUAL OR ENTITY TYPE], with an address at [ADDRESS].

The Lender and Borrower are each a “Party” and together the “Parties.”

2. Loan and funding

2.1 Principal. Subject to the conditions in this Agreement, Lender will lend Borrower $[PRINCIPAL].

2.2 Funding. Lender will fund the principal on [DATE] by [METHOD] to [ACCOUNT OR RECIPIENT]. Borrower will provide a written receipt or other funding confirmation.

2.3 Purpose. Borrower will use the proceeds for [SPECIFIC PURPOSE]. This statement records the agreed purpose and the transaction classification approved in Part 1.

2.4 No additional documents by implication. This Agreement does not create a lien, security interest, mortgage, guaranty, power of attorney, wage assignment, or confession of judgment. Any approved supporting instrument must be separately identified in Section 12.

3. Interest and charges

3.1 Contract interest. Principal will accrue interest at [RATE AND FIXED/VARIABLE DESCRIPTION], calculated using [DAY-COUNT AND ACCRUAL METHOD].

3.2 Approved charge schedule. No interest, fee, charge, expense, premium, discount, default rate, or other amount is owed unless it is stated in the following table and approved in Part 1.

3.3 Mandatory-law adjustment. If a court or regulator determines that a stated charge exceeds an applicable limit, the Parties intend only the maximum lawful amount to be retained or collected, with any required credit, refund, reallocation, or other correction made under the controlling law. This clause does not replace the pre-signing review in Part 1 or cure a licensing or disclosure failure.

4. Payment schedule

Borrower will pay the Loan as follows:

Payments must be made by [METHOD] to [PAYMENT ADDRESS OR ACCOUNT]. Lender will provide [RECEIPT / STATEMENT / OTHER RECORD] as selected in Part 1.

5. Application and prepayment

5.1 Application. Payments will be applied in the following approved order: [ORDER]. Any mandatory application rule controls over this sentence.

5.2 Prepayment. Borrower [MAY / MAY NOT] prepay all or part of the Loan under these approved terms: [TERMS]. No prepayment charge applies unless expressly stated in the approved charge schedule.

6. Borrower promises

Borrower promises that:

• the identifying and funding information provided for this transaction is accurate in all material respects;
• Borrower will use the proceeds for the purpose stated in Section 2.3;
• Borrower will make payments when due; and
• Borrower will notify Lender at [CONTACT] of a change to the payment address or contact information.

These promises do not waive a defense, exemption, disclosure, notice, cure, or other protection that cannot lawfully be waived.

7. Default and cure

An Event of Default occurs only upon:

• failure to pay an amount due, continuing beyond [GRACE PERIOD];
• a material false statement made by Borrower in the transaction documents, after [NOTICE / CURE IF APPLICABLE]; or
• another specifically approved event: [EVENT].

Lender must give notice by the method in Section 10 describing the default, amount claimed, supporting calculation, cure action, cure deadline, and proposed next step. The cure period is [PERIOD], unless controlling law requires a different process.

8. Remedies

After an uncured Event of Default, Lender may accelerate the unpaid principal, accrued contract interest, and approved charges only if acceleration was selected in Part 1 and is permitted after the required notice and cure process.

Any lawsuit, collection cost, attorney-fee request, setoff, reporting, assignment, or other remedy is limited to what this Agreement expressly provides and governing law permits. This Agreement authorizes no lockout, entry, repossession, seizure, wage deduction, debit, or other self-help remedy.

9. No payment excuse by force majeure

Events outside a Party's control may justify discussing a written modification, but they do not automatically postpone, forgive, accelerate, or increase a payment. Any modification must satisfy Section 11 and any mandatory law.

10. Notices

Notices under this Agreement must be sent by [APPROVED METHODS] to the addresses below. A notice is effective at the time selected and validated in Part 1: [EFFECTIVENESS RULE].

Lender notice address: [ADDRESS / EMAIL]

Borrower notice address: [ADDRESS / EMAIL]

11. Amendments, waiver, and severability

11.1 Amendments. A modification must be in a writing or electronic record approved for this transaction and authenticated by both Parties. Any new charge, refinancing, extension, renewal, or material change requires a fresh legal and disclosure review.

11.2 Waiver. A Party's delay or one-time decision not to enforce a term does not automatically waive later enforcement. A waiver must identify the term and occasion it covers.

11.3 Severability and mandatory law. If a provision cannot be enforced, it will be treated as ineffective only to the extent required, unless doing so would materially change the agreed exchange. Mandatory law controls over inconsistent text.

12. Entire agreement and approved exhibits

This Agreement and the exhibits listed below state the Parties' complete agreement concerning this Loan. Part 1 is a drafting and approval record and [IS / IS NOT] incorporated into the signed agreement.

Approved exhibits:

• Exhibit A — Payment schedule
• Exhibit B — [REQUIRED DISCLOSURE]
• Exhibit C — [SEPARATE SECURITY OR GUARANTY INSTRUMENT, IF APPROVED]
• Exhibit D — [OTHER]

13. Governing law and disputes

The governing law, court, venue, and dispute procedure are those selected in Part 1 and stated here after counsel review: [APPROVED CLAUSE].

No arbitration agreement or jury waiver is created by this template. If either is approved, attach a separately reviewed rider that identifies the administrator, rules, costs, location, claim scope, court-relief relationship, opt-out or consent process if any, and all required disclosures.

14. Signatures

Do not sign until every blank is completed or marked inapplicable and all required disclosures and exhibits have been delivered.

Electronic or wet signatures: [METHOD APPROVED IN PART 1]

Witness or notary block: [ATTACH ONLY IF REQUIRED OR DELIBERATELY SELECTED AFTER REVIEW]

Final closing checklist

☐ Part 1 is complete and signed by reviewing counsel.

☐ The lender delivered every required disclosure before signing or funding.

☐ Principal, payment schedule, interest, annual percentage rate if applicable, and every charge reconcile mathematically.

☐ No blank permits a rate, fee, default, remedy, assignment, or dispute term to be inserted after signing.

☐ Documentary-tax, licensing, security, perfection, recording, servicing, and reporting steps are complete or marked inapplicable with a reason.

☐ The signed copy and all exhibits were delivered to each Party by the approved method.

This packet supplies transaction fields and negotiated terms. It does not determine which Texas or federal lending laws apply.