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The Personal Loan Contract With Collateral is a crucial document used in New Zealand's consumer lending sector when an individual borrows money and provides an asset as security for the loan. This document is essential when lenders require additional assurance beyond the borrower's promise to repay, typically for larger loan amounts or when the borrower's credit history necessitates extra security. The agreement must comply with strict requirements under New Zealand's Credit Contracts and Consumer Finance Act 2003 and Personal Property Securities Act 1999, including mandatory disclosure requirements and responsible lending obligations. It creates a legally enforceable security interest in the collateral while protecting both the lender's security rights and the borrower's consumer rights under New Zealand law.

1. Parties: Identifies and defines the Lender and Borrower with their full legal names and addresses

2. Background: Sets out the context of the loan agreement, including that the Borrower has requested a loan and the Lender has agreed to provide it subject to security

3. Definitions: Defines key terms used throughout the agreement including Loan Amount, Security, Interest Rate, and Payment Terms

4. Loan Details: Specifies the principal amount, purpose of the loan, and disbursement details

5. Interest and Payments: Details the interest rate, calculation method, payment schedule, and payment methods

6. Security Arrangements: Describes the collateral being provided, including its description, value, and confirmation that it is free from other encumbrances

7. Borrower's Representations: Borrower's warranties about their financial situation, ownership of the security, and ability to enter into the agreement

8. Borrower's Obligations: Ongoing obligations including maintaining the security, insurance requirements, and restrictions on dealing with the security

9. Events of Default: Lists circumstances that constitute default and the consequences of default

10. Enforcement Rights: Lender's rights and remedies in case of default, including the process for seizing and selling the security

11. General Provisions: Standard contract clauses including notices, amendments, governing law, and dispute re����ֱ��