Atlas Loan Agreement

Vehicle Repair Loan Agreement with Atlas Fleet Solutions LLC

, by and between:
Borrower:
Lender:

Together, the Lender and Borrower are referred to as the “Parties.”

Purpose of Loan:

The Borrower is receiving this loan specifically to cover vehicle repair costs for the following vehicle:

The Borrower agrees to use the loan funds solely for the above repair expenses.

Loan Amount:
(“Loan”).
Disbursement of Funds:
via:
• Direct payment to repair shop
• Method of Payment:

Credit Card or ACH

FEDERAL TRUTH IN LENDING DISCLOSURES

ANNUAL PERCENTAGE RATE

THE COST OF YOUR CREDIT AS A YEARLY RATE

FEDERAL TRUTH IN LENDING DISCLOSURES

THE DOLLAR AMOUNT THE CREDIT WILL COST YOU

AMOUNT FINANCED

THE AMOUNT OF CREDIT PROVIDED TO YOU OR ON YOUR BEHALF

TOTAL OF PAYMENTS

THE AMOUNT YOU WILL HAVE PAID AFTER YOU HAVE MADE A PAYMENTS AS SCHEDULED

TOTAL SALE PRICE THE TOTAL COST OF YOUR

THE TOTAL PURCHASE ON CREDIT, INCLUDING YOUR DOWN PAYMENT OF

Your Payment Schedule Will Be:
Late Payments:
% of the overdue amount.
Prepayment:

The Borrower may prepay the Loan in whole or in part at any time without penalty.

Default:

The Borrower will be considered in default if they:
• Fail to make payments as agreed
• Provide false information
• Become insolvent or file for bankruptcy If the borrower defaults, the lender may require immediate repayment or seize collateral.
• Borrower sells or transfers the vehicle without consent.
• Upon default, the entire unpaid balance shall become immediately due and payable or seize collateral.

Collateral:

This Loan is:
• Secured by the repaired vehicle listed above
• The Borrower grants the Lender a security interest until the Loan is fully repaid.

Borrower Representations:

Borrower represents that:
• Borrower owns the vehicle or has authority to grant this security interest.
• Borrower will maintain insurance on the vehicle.
• Borrower will not sell, transfer, or further encumber the vehicle without Lender’s written consent.

Attorney Fees :
law
Governing Law:
Entire Agreement:

This document represents the entire agreement between the Parties and supersedes any prior discussions or understandings

Amendments:

Any changes must be in writing and signed by both Parties.

Terms and Conditions

By signing below, the undersigned, acknowledges and agrees that the statements on this application are true, correct and accurate to the best of his/her knowledge, and the information contained herein may be used by Atlas Fleet Solutions LLC to make credit decisions. By providing any owner/officer information above, the undersigned represents, warrants and agrees that each of the above owners/officers have: (a) authorized the undersigned to provide their consent, (b) authorizes Atlas Fleet Solutions to obtain any consumer and/or business information, including personal consumer.

Signatures:
Lender Signature:
Borrower Signature: