PLE Sales Template #1

Published on May 25, 2017


Re: Loan Contract No. Old {{OLD_ILID}} ; New {{NEW_ILID}}


This is a short note to give you formal notice that {{SELLING_LENDER}} (selling Lender) has assigned all their rights, title, interest, and benefit in and to the Loan Contract to {{BUYING_LENDER}} (buying lender), who is another Lender at Proplend.
This does not affect your rights or obligations, and the Loan Contract shall continue on its existing terms in all other respects, so you do not need to do anything differently.
The Loan Contract is still administered by Proplend Ltd in accordance with the Loan Conditions and the terms of the Proplend Members Agreement.
You do not need to respond to this notice or take any action, but please let us know via email if you have any questions.

The assignment and any claim arising out of or in connection with it shall be governed by and construed in accordance with English law.

Kind regards

The Proplend Admin Team