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Non-Recourse Loan Agreement

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NON-RECOURSE LOAN AGREEMENT

TRANSACTION CODE:

This Loan Agreement ("Agreement") is made and effective the

BETWEEN: THE HANSON GROUP OF COMPANIES (HGC) (the "Lender") a corporation organized and existing under the laws of Panama, duly represented by its authorized signatory, with its head office located at:

World Trade Center, Calle 53, Marbella, Piso 1, Area Comercial, Panama.

AND: ("the "Borrower"), a corporation organized and existing under the laws of the , with company registration No. , represented by Mr. with USA passport number with its head office located at:

RECITALS

1. Whereas, we, THE HANSON GROUP OF COMPANIES, hereby confirm our firm interest in providing a NON-RECOURSE loan of USD $ and we are prepared to immediately move forward and initiate the transaction subject to the following terms & conditions:

2. Whereas, it is agreed that the transaction requested by the referenced borrower herein shall be for the amount of of Face Amount of the bank instrument.

3. Whereas, agrees to provide the Lender with all required documents for due diligence and to provide the information required to block the said instruments on SWIFT/EUROCLEAR in favour of the Lender.

4. Whereas, the collateral, the Bank Guarantee (BG) from , will be returned to BORROWER within 1 year and 1 day from the full payment of the loan proceeds and agrees to renew the agreement for additional 1 year periods subject to approval of both parties.

5. Whereas, the LENDER have agreed that the loan proceeds shall be settled and affected no later than 5 banking days after receipt, authentication and verification of the Instrument(s) by SWIFT/EUROCLEAR to Lender.

6. Whereas, THE HANSON GROUP OF COMPANIES affirms that they have discussed the terms and conditions of this transaction with their designated Bank which is prepared to receive SWIFT/EUROCLEAR confirmation of the Instrument and facilitate this transaction on behalf of the .

7. Whereas, the Lender has explained to Borrower that in providing the referenced undertakings they are all “SUBJECT TO” delivery, verification & Authentication of the Instrument by Lender via SWIFT/EUROCLEAR.

8. Whereas, after delivery and payment, THE HANSON GROUP OF COMPANIES has the exclusive right to use and encumber the instrument for up to 1 year and 1 day of the Instrument contract, after which the Lender must immediately and irrevocably return the subject Instrument free, clear and unencumbered to the borrower;

1. LOAN OF SECURITIES

THE INSTRUMENT(S) ARE FOR THE FOLLOWING PURPOSE:

The instrument(s) will be used for LENDER business purposes and for other business interests.

2. DETAILS OF SECURITY (BANK INSTRUMENT VIA SWIFT/EUROCLEAR):

SENDER BANK INSTRUMENT INFORMATION

Name:

Address:

Represented by:

Title:

Passport:

Date of issue:

Date of expire:

Nationality:

BANKING INFORMATION

Bank Name:

Bank Address:

Swift Code:

Acct Name:

Account Number:

Bank Officer:

Bank Officer E-mail:

Type of Instrument:

Face Amount in USD:

MT760 from Issuing Bank

RECEIVER ACCOUNT BANKING INFORMATION:

ACCOUNT TO RECEIVE SWIFT MT760

Bank Name:

Bank Address:

Bank Swift Code:

Account Name:

Account Number:

Account Signatory:

Signatory Passport:

Bank Officer Name:

Telephone Number:

Bank Officer Email:

Bank Website:

3. COMMENCEMENT OF NON-RECOURSE LOAN TRANSACTION

a) LENDER will sign this Agreement;

b) LENDER signs & confirms this Agreement, and to make the herein committed loan;

c) BORROWER will sign this Agreement.

d) LENDER will verify the Bank Guarantee (BG), on a bank-to-bank basis;

BORROWER, within 72 international banking hours, will cause its bank to confirm the BG by SWIFT/EUROCLEAR, to the designated Settlement Account of the appointed Clearing and Settlement LENDER (Lending Bank) At this juncture the loan procedure will commence.

4. DELIVERY OF DOCUMENTS

a) The confirmation by SWIFT/EUROCLEAR to the Lender’s benefit, will happen within 72 international banking hours.

5. DELIVERY OF INSTRUMENT(s)

At this moment the BORROWER will confirm to LENDER that the bank instrument, to which the Agreement relates, will be reserved for exclusive use of the LENDER for a term of 366 days.

6. RATES APPLICABLE TO LOANED SECURITIES

LENDER shall pay to the BORROWER, the agreed UPON total payment of USD in cash funds that is 65% of the face amount of the use of the instrument for a period of 366 days. The LENDER & LENDER REPRESENTATIVE has the possibility to extend the as to be mutually agreed by the parties.

7. OWNERSHIP OF THE BANK INSTRUMENT

a) Except as specifically set forth in a future writing signed by collateral provider, the BANK GUARANTEE are and at all times shall remain the property of BORROWER and not the LENDER or any other person or entity.

b) Neither BANK GUARANTEE nor any item of the Instrument is or shall become encumbered, mortgaged or pledged or put at any kind of financial risk without the authorization of the OWNER/BORROWER.

c) Neither any Bank nor any person or entity claiming on behalf of, or through Bank shall have, or claim, any right, title or interest in any of the BANK GUARANTEE Instruments.

8. BORROWER’S RIGHT TO TERMINATE THE AGREEMENT

BORROWER may not terminate this Agreement at any time, unless agreed upon by both parties, and unless Lender breaches this contract in any way. If agreed to terminate by both parties the Lender shall return the Bank Instrument immediately with no liens and or encumbrances.

9. LENDER’S OBLIGATION TO RE-DELIVERY

The LENDER must return the instruments unencumbered to the OWNER/BORROWER within 5 days at to the expiration of the agreement.

10. SUBSTITUTION OF COLLATERAL

NOR LENDER OR BORROWER, prior to the expiry date of this Agreement may not deliver Alternative Collateral or Cash Funds

11. ASSIGNEMENT OF THE AGREEMENT

This Agreement may not be assigned to any third party without prior written consent from the collateral provider.

12. MODIFICATION TO LEGISLATION

Any reference in this Agreement to an act, regulation or other legislation shall include a reference to any statutory modification or reenactment thereof for the time being in force.

13. EVENT OF DEFAULT

Non observance of one or more of the above mentioned articles will render this agreement null and void, and the money deposited in the Designated Lending Manager Clearing and Settlement account will cover the clearing expenses.

14. SEVERANCE

In any provision of this Agreement is declared by any judicial or authority of competent jurisdiction to be void or otherwise non enforceable, that provision shall be severed from the Agreement and the remaining provisions of this Agreement shall remain in full force and effect.

15. NOTICES

a) If in writing and delivered by courier, on the date it is delivered;

b) If sent by telex or by telegram, on the date the recipient’s answerback is received;

c) If sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is first attempted;

d) If sent by electronically messaging system, on the date that electronic message is received

18. GOVERNING LAW AND JURISDICTION

This Agreement is governed by, and shall be construed in accordance with the laws of Panama law. The Courts of Panama shall have exclusive jurisdiction to hear and decide any suit, action or proceedings, and to settle any disputes, which may arise out of or in connection with this Agreement, and, for those purposes, each party irrevocably submits to proceedings in the courts of Panama.

19. TIME

Time shall be of the essence of the Agreement

20. RECORDING

The Parties agree that each may record all telephone conversation between them

21. MISCELLANEOUS

a) This Agreement constitutes the entire agreement and understanding of the Parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto.

b) No amendment in respect of this Agreement will be effective unless in writing and executed by each of the Parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system

c) except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law.

d) A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any terms of this Agreement.

BORROWER ACCOUNT FOR DISBURSEMENT

(Paymaster Account Bellow)

Bank Name:

Bank Address:

Bank Swift Code:

Account Name:

Account Number:

Account Signatory:

Signatory Passport:

Bank Officer Name:

Telephone Number:

Bank Officer Email:

Bank Website:

LOAN DISBURSEMENT SCHEDULE

Loan 1st Disbursement:
USD $		 20% of the loan in 21 days after received and authentication of the MT760.
Loan 2nd Disbursement:
USD $		 20% of the loan 30 days after the 1st disbursement.
Loan 3rd Disbursement:
USD $		 30 days after the 2nd disbursement.
Loan 4th Disbursement:
USD $		 30 days after the 3rd disbursement.
Loan 5th Disbursement:
USD $		 30 days after the 4th disbursement.
Loan 6th Disbursement:
USD $		 30 days after the 5th disbursement.
Loan 7th Disbursement:
USD $		 30 days after the 6th disbursement.
Loan 8th Disbursement:
USD $		 30 days after the 7th disbursement.
Loan 9th Disbursement:
USD $		 30 days after the 8th disbursement.
Loan 10th Disbursement:
USD $		 30 days after the 9th disbursement.
Loan 11th Disbursement:
USD $		 30 days after the 10th disbursement.
Loan 12th Disbursement:
USD $		 30 days after the 11th disbursement.

Total: (xxx MILLION DOLLAR).

LENDERS: THE HANSON GROUP OF COMPANIES

Authorized Signature

Print Name and Title

BORROWER:

Authorized Signature

Print Name and Title

LENDER PASSPORT

Irrevocable Sub Fee Protection Agreement and Pay Order Agreement

“Considered as an integral part of this contract”

WITH ROLLS AND EXTENSIONS

Client Name:

Transaction Code:

Name of Beneficiary:

IRREVOCABLE DISBURSEMENT PAYMENT ORDER

This Document is in respect to the Transaction Code and or Client Reference Code Stated above and covers all rolls and extensions that are acceptable and contracted for between Client and same Trade Source that both parties agree to and agree to keep the Fee Agreement in place as directed in the Fee Agreement.

PAYMASTER AGREEMENT

Parties to the Agreement

- represented by Mr. ; __________ as Paymaster

- And the beneficiary as listed in this agreement.

Definitions

- Gross Commissions: Commission payments that are received by this Paymaster as clean and cleared funds based on the Client Reference Code and or Transaction Code stated above.

- Net Commission: The amount due and payable to the named beneficiary named in this Paymaster Agreement.

Date:

1. The following sets out the protection of the commission fees payable to beneficiary stated herein, should a Contract with the Client Reference Code and or Transaction Code stated above be executed and consummated under the terms and conditions mutually agreed upon by the Principals to that private transaction.

2. Now, therefore, represented by Mr. acting with full corporate authority and responsibility, does herewith, without recourse and subject to the gross commission (funds) received per Client Reference Code and or Transaction Code stated above, agrees to pay net commission Fee/s per clause 14 of this Agreement.

3. This Agreement is issued pursuant to and in acknowledgment of the paymaster’s rights and responsibilities under the signed Fee Agreement and the Client Reference Code and or Transaction Code stated above

4. represented by Mr. via paymaster further agrees that the net commission fees stated herein are compensation for services rendered by the beneficiary listed below, and are irrevocable and guaranteed to be paid within 3 (Three) international banking days of the receipt of cleared funds to the Paymaster Account, unless otherwise agreed. Paymaster is not responsible for any banking delays that may or may not occur.

5. The net commissions will be free of legal impediment and free of any deductions excluding normal bank wire fees for this and all subsequent transactions. Payment of the net commission due the beneficiary will be made by the Paymaster subject to and receipt of clean and cleared funds of each incoming deposit showing the Client Reference Code and or Transaction Code stated above until that transaction is complete including all contract extensions, additions, rollovers, modifications or renewals thereof.

6. Paymaster agrees (unless otherwise agreed) to execute payment within three (3) international banking days from the date of receipt of the gross commissions to the Paymaster Account.

7. The paying Bank to this SUB MASTER FEE PROTECTION AND PAY ORDER AGREEMENT will be the following:

PAYMASTER PAYING BANK

Bank Name:

Bank Address:

Bank Swift Code:

Account Name:

Account Number:

Account Signatory:

Signatory Passport:

Bank Officer Name:

Telephone Number:

Bank Officer Email:

Bank Website:

It is agreed that as Paymaster will issue a statement of receipt and payment to the beneficiary named herein, within three (3) international banking days from the date of payment. This statement will fully account for the payments of funds as it applies to the beneficiary named herein.

8. Parties to this agreement agree that they are bound by any Non-circumvention Non Disclosure Agreements that they have entered into with any and all other parties with regard to this transaction and hereby agree they will not circumvent, avoid, bypass or obviate each other directly or indirectly to avoid payment of commissions or fees for this or any transaction pending, or in the future for a period of 5 years from the date of executing of this Agreement whether this contact is consummated or not. At no time shall either Party disclose or otherwise reveal to any third party any confidential information, Code or reference, or any such information to the another party that is stated as confidential or privileged information without the formal written permission of the other party.

9. The Net Commission Fee Payable: The total fee which is per the calculation shown in clause 14 of this agreement does not include the bank wire fee and is divided per the Schedule as outlined per clause 14 of this agreement. The Paymaster shall immediately and automatically disburse to the beneficiary the Fee payment as stated herein

10. This agreement including any alterations, amendments, or additions hereto shall be governed by and construed in accordance with the laws of the State of Texas, United State of America.

11. The Paymaster will have no responsibility for reporting monies received pursuant to this SFPA to any tax authority. The Parties acknowledge that is the sole responsibility of the Beneficiary to report and pay income tax and/or any other form of tax to all relevant tax authorities with respect to all monies the Beneficiary may receive pursuant to this Agreement.

12. By signing this SFPA, the Beneficiary confirms under penalty of perjury that, to the best of the Beneficiary’s knowledge, information and belief, any and all monies being wired into the Paymaster’s accounts under the terms of this Agreement are not from any unlawful sources, do not constitute money laundering, are not part of a criminal enterprise, and are not the proceeds of, nor destined to support, terrorist or criminal activities of any kind.

13. Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall, if both parties agree be referred to and resolved in the State of Texas, United State of America.

NOTE: ALL BANKS CHARGES/FEES SHOULD BE BORN BY ACCOUNT BENEFICIARY

Beneficiary

The total net Commission amount payable to the beneficiary as listed below is based on the gross commissions received to the paymaster account based on Client Reference Code and or Transaction Code stated above and shall be transferred into the accounts of the Beneficiary as follows:

14. Beneficiary

BENEFICIARY, shall receive Five Percent (5%) of the loan as defined herein following, and as defined in the Asset Management Agreement reference by the Transaction Code stated above:

Proposed Tranche Schedule of Settlement Amount: Tranching begins after Two (2) international banking days of successful confirmation of the loan disbursements by lender and confirmation of receive by paymaster.

1) PROVIDERS SIDE: (CLOSED)

___ PERCENT (__%) OF THE FACE VALUE OF EACH AND EVERY TRANCHE INCLUDING ALL ROLLS AND EXTENSIONS TO BE PAID TO THE FOLLOWING PAYMASTER

Paymaster Name:

Paymaster Address:

Passport Number:

Paymaster Telephone:

Paymaster Fax:

Paymaster Email:

Bank Name:

Bank Address:

Bank Officer Name:

Bank Telephone:

Bank Fax:

Account Name:

Account Number:

ABA Routing:

S.W.I.F.T CODE:

Beneficiary:

2) BENEFICIARYS SIDE: (HANSON GROUP BROKER LEVEL: SILVER-GOLD-PLATINUM)

___ PERCENT (__%) OF THE FACE VALUE OF EACH AND EVERY TRANCHE INCLUDING ALL ROLLS AND EXTENSIONS TO BE PAID TO THE FOLLOWING PAYMASTER

THIS AMOUNT IS PAYABLE TO THE DESIGNATED PAYMASTER BANK ACCOUNT, UPON THE CLOSING OF EACH AND EVERY TRANCHE FOR THE DURATION OF THE CONTRACT AND INCLUDING ALL ROLLS AND EXTENSIONS.

Paymaster Name:

Paymaster Address:

Passport Number:

Paymaster Telephone:

Paymaster Fax:

Paymaster Email:

Bank Name:

Bank Address:

Bank Officer Name:

Bank Telephone:

Bank Fax:

Account Name:

Account Number:

ABA Routing:

S.W.I.F.T CODE:

Beneficiary:

PAYMASTER’S ACKNOWLEDGEMENT:

This document constitutes an irrevocable and not retractable payment order issued to the beneficiary named herein, per the terms of this agreement, given with full corporate responsibility, by which I hereby instruct my Bank/Solicitor Trust Account and/or Overseas Account of the Solicitor Firm as specified herein, to simultaneously pay, without any protest and / or delay, upon the closing and receipt of clean and clear funds to the Trust account, of each and every transaction, until the transaction under the above entered codes is totally completed including any and all rollovers and extensions, the compensation to the beneficiary’ bank accounts, as stipulated herein.

SUCCESSORS:

This Agreement is binding upon and inures to the benefit of the successors, assignees, heirs and personal representatives of the receiving person(s)

IN WITNESS WHEREOF, the undersigned has/have executed this agreement on this day of

PAYMASTER:

Paymaster Name
Address
Telephone
E-Mail Address
Date:

Signature:

Paymaster Name:

Paymaster Company:

Named undersigned has approved and executed this agreement on this day of

Signature:

Represented by Mr.

Accepted by Beneficiary:

BORROWER CIS:

BORROWER COMPANY REGISTRATION:

Additional acknowledgements:

I agree to the terms and conditions of this agreement.

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What a Non-Recourse Loan Agreement Is

A Non-Recourse Loan Agreement is a secured financing contract where the lender's remedy for borrower default is limited to the collateral expressly pledged in the agreement, with no personal liability for the borrower beyond that collateral. These agreements allocate risk by restricting recovery to specified assets, often real property or project-specific collateral, and commonly include representations, covenants, default events, and remedies that define the scope of the lender’s rights and the borrower’s protections under state contract and property law.

Why parties choose a Non-Recourse Loan Agreement

A Non-Recourse Loan Agreement limits borrower personal liability to the collateral, clarifies remedies and foreclosure procedures, and protects owners from deficiency claims in most circumstances. It is used where project or asset-level financing is preferred and helps lenders and borrowers allocate risk, set collateral descriptions, and define carve-outs for fraud, environmental claims, or misrepresentation.

Why parties choose a Non-Recourse Loan Agreement

Typical parties and professionals involved

Common users include commercial real estate owners, project sponsors, lenders, and attorneys who structure asset-backed financing at the project or property level.

  • Commercial lenders and banks that provide asset-level financing and require clear collateral and cure provisions.
  • Borrowers and sponsors seeking to confine liability to project assets and preserve personal or corporate balance sheets.
  • Outside counsel, title companies, and closing agents responsible for drafting, title review, and recording procedures.

The agreement typically requires coordinated review by counsel, title examiners, and loan underwriting teams before execution and recording.

Who can sign and why their role matters

Authorized Officer

When a corporate borrower signs, an officer or other authorized signatory must sign on the entity’s behalf. Confirm corporate resolution or power of attorney to avoid later challenges to authority and enforceability.

Trustee or Manager

If the borrower is an LLC or trust, the manager or trustee signs under the entity’s governing documents. Attach proof of authority such as operating agreement excerpts or trustee certifications when required.

Core components to include in a professional agreement

A complete Non-Recourse Loan Agreement clearly sets out collateral, recourse carve-outs, default definitions, lender remedies, borrower covenants, and procedures for cure, foreclosure, and indemnity.

Collateral Description

A precise legal description of the collateral (e.g., parcel legal description, fixture lists) and attachments such as exhibits and schedules that identify excluded assets or permitted encumbrances.

Non-Recourse Clause

Language that limits lender recovery to collateral and specifies exceptions (e.g., fraud, willful misconduct, gross negligence, environmental breaches) where personal liability may be reinstated.

Covenants

Borrower promises regarding maintenance, insurance, tax payments, and use restrictions that protect collateral value and lender priority.

Events of Default

Detailed events that trigger default (payment failures, insolvency, breach of covenants) and any grace periods or notice requirements before remedies.

Remedies and Foreclosure

Specific remedy mechanics (power to sell, appoint receiver, enforce security interests) and any contractual moratoria or redemption rights.

Title and Recording

Requirements for securing first-priority liens, title insurance standards, and steps for recording financing statements or mortgage instruments where applicable.

Essential data elements to include

Parties: Full legal names
Effective Date: MM/DD/YYYY
Loan Amount: Principal sum
Collateral: Legal description
Interest Terms: Rate and calculation
Governing Law: Chosen state

Step-by-step to complete and execute the agreement

Follow these sequential steps to prepare, review, sign, and record a Non-Recourse Loan Agreement with minimal risk of defect.

  • 01
    Draft: Prepare agreement with collateral and carve-outs clearly defined.
  • 02
    Review: Legal and title review for encumbrances and priority issues.
  • 03
    Sign: Execute with authorized signatories and required acknowledgements.
  • 04
    Record: Record instruments and file financing statements where applicable.

How to set up a digital signing workflow

Configure your online workflow to collect signatures, capture audit data, and attach exhibits before closing and recording.

Field Configuration
Signers Add emails and signing order for lender and borrower
Required Attachments Attach exhibits: legal descriptions, resolutions, title report
Authentication Set email or SMS code; use stronger authentication for high-value loans
Audit Trail Enable full event timestamps and device/IP capture

Digital signing and file formats to use

Choose a platform that supports PDF and DOCX upload, audit trails, and secure signer authentication.

  • File types: PDF, Word DOCX supported
  • Authentication: Email, SMS code, advanced options
  • Audit data: Timestamps, IP, action log

Export a signed, locked PDF with an embedded audit trail and retain a copy for recording or regulatory retention requirements.

Where to send and how to submit executed documents

After execution, distribute signed originals to lender counsel, borrower files, title agent, and the county recorder as applicable.

  • Lender Counsel: Receive executed agreement and closing deliverables
  • Title Agent: Provide for recording and title insurance endorsement
  • County Recorder: Record mortgage or deed of trust to perfect lien
  • Loan File: Store executed copies and supporting exhibits

Typical timing and filing expectations

Key dates include the effective date, funding date, cure deadlines, and recording windows; monitor each for compliance with lender conditions.

Effective and Funding:

Effective date sets obligations; funding date triggers disbursement.

Recording Window:

Record mortgage or deed within county-specific timeframe to protect priority.

Cure Periods:

Notice and cure periods are contract-specific and must be tracked.

Insurance and Taxes:

Proof of insurance and tax payment often due before funding.

Post-Closing Deliverables:

Title endorsements and recorded copies typically required within 30–60 days.

Common mistakes to avoid when preparing the agreement

  • Imprecise collateral descriptions that differ from recorded deeds can defeat lien priority and cause title objections during closing or sale.
  • Omitting or poorly drafting non-recourse carve-outs (fraud, environmental liabilities) that lenders expect can lead to enforcement disputes.
  • Failing to verify signer authority for entities, such as absent corporate resolutions or trust documentation, may render signatures unenforceable.
  • Neglecting required attachments—tax certificates, insurance evidence, or title exceptions—can delay funding or invalidate certain lender protections.

Risks and consequences of incorrect or incomplete agreements

Lien Loss: Priority challenges
Deficiency Claims: Unclear carve-outs invite litigation
Enforceability: Invalid signatures or authority
Regulatory Exposure: Tax or disclosure breaches
Title Defect: Recording errors
Increased Costs: Attorney and cure expenses

Practical examples of non-recourse structures

Sample scenarios illustrate how carve-outs and collateral descriptions shape lender and borrower outcomes in real transactions.

Project Finance Example

A sponsor finances a development with recourse only to project assets and revenue streams.

  • The lender requires environmental indemnity as a carve-out.
  • The agreement limits deficiency recovery to the project, and the lender enforces remedies against project cash flows while preserving sponsor balance sheet insulation.

Commercial Property Loan

An owner borrows against a retail center with a non-recourse clause excluding fraud.

  • Title insurance and recorded mortgage perfect the lien.
  • After default the lender forecloses on the property but cannot pursue the owner's other assets absent proven fraud or misrepresentation, subject to state foreclosure procedures.

Practical tips for accurate and efficient completion

Adopt consistent document controls, checklists, and standardized exhibits to reduce errors and speed closings.

Use standardized exhibits and legal descriptions
Maintain master exhibit templates for legal descriptions, collateral schedules, and title exceptions. Consistent exhibits reduce title objections and accelerate underwriter review at closing.
Confirm signer authority before execution
Obtain corporate resolutions, operating agreement certification, or trustee letters in advance. Pre-verified authority avoids post-closing challenges and re-execution costs.
Define carve-outs clearly and narrowly
List specific exceptions to non-recourse (fraud, environmental breaches) with objective standards. Vague carve-outs invite litigation and unpredictable lender exposure.
Preserve a robust audit trail for eSigning
Capture signer authentication, timestamps, IP addresses, and document history. A complete audit trail supports enforceability under ESIGN (15 U.S.C. §7001) and UETA where applicable.

eSignature vendor pricing and feature comparison for agreement execution

Common eSignature providers differ by starting price, bulk send, audit trail, and HIPAA support; signNow appears first to show a representative comparison.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial Yes, 7-day free trial Varies by vendor Varies by vendor Varies by vendor Varies by vendor
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Frequently asked questions about Non-Recourse Loan Agreements

Answers to common execution, enforceability, and recording questions to help avoid closing delays and post-closing disputes.


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