PURE Forms · chained addendumTREC 40-11 · Third Party Financing Addendum

Bv6 · rev 11-04-2024 · 2 pg
Chained from 20-18 ¶3B / ¶22 — the financing amount below IS txn.financing.amount, the same field the contract's Sales Price computes from. Change it here and ¶3 updates everywhere.

¶1Type of financing

Financing type *→ txn.financing.type
Principal amount *→ txn.financing.amount
Due in (years)→ txn.financing.termYears
Max interest % (first year)→ txn.financing.maxRate
Max origination charges (% of loan)→ txn.financing.maxOrigination

¶2Approval of financing

Buyer Approval (¶2A — check one) *→ txn.financing.subjectToApproval
Termination window — days after Effective Date→ txn.financing.approvalDays
¶2B Property Approval is fixed by the form: lender underwriting issues let Buyer terminate up to the 3rd day before Closing. The Buyer-Approval window above auto-creates a tracked deadline task on the contract page (B-T27).