Security Agreement over Deposit Account

Often when making a loan, the lender may want additional assurance that the borrower will repay the loan. This assurance usually takes the form of collateral, property pledged as security for a debt. To ensure that that collateral is collectible in the case of a default, the parties will enter into a security agreement, an agreement that sets out the rights of the lender with regard to the collateral.

This form is designed for situations when the debtor's deposit accounts will serve as the collateral.

This form includes special formatting features to assist you in completing the agreement.