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Outgoing Loan Agreement Museums Nevadaculture  Form

Outgoing Loan Agreement Museums Nevadaculture Form

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Instructions and help about Outgoing Loan Agreement Museums Nevadaculture

Welcome to Lawpath's legal education videos my name is Damin Murdock and I've been a lawyer for more than ten years here in Australia. Today we're going to talk about loan agreements. Generally speaking, a loan agreement is entered into in situations where someone lends money to someone else. That is, the lender lends money to the borrower, but what a lot of people don't know is that in 2009 there was something called the PPSA. The Personal Property Securities Act came into place to register secured interests. It is really important that you know what that's all about. Now, if you were to buy a car and when you buy that car, you buy it via finance, the financier will lodge a charge against that car, so if you don't pay your debt they can come in and take possession of your car. That charge is registered via the PPSA and it's a registration that says to any third party 'you can't buy that car because this financier

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