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The Loan Account Agreement serves as the primary document governing the lending relationship between financial institutions and borrowers in the United States. This contract type is essential for documenting loan terms, protecting both lender and borrower interests, and ensuring regulatory compliance. It includes critical information such as loan amount, interest calculations, payment schedules, default provisions, and security arrangements. The agreement must comply with federal regulations including TILA, ECOA, and FCRA, as well as state-specific lending laws. It's commonly used for various lending purposes, from personal loans to commercial financing, and can be adapted to different loan types while maintaining regulatory compliance.

1. Parties: Identification of lender and borrower with full legal names and addresses

2. Background: Context of the loan agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Loan Amount and Purpose: Specified amount and intended use of funds

5. Interest Rate and Fees: Interest rate, calculation method, and applicable fees

6. Repayment Terms: Payment schedule, methods, and duration

7. Security and Collateral: Assets securing the loan, if applicable

8. Events of Default: Circumstances constituting default and consequences

9. Representations and Warranties: Statements of fact by borrower