51Ƶ

Loan Servicing Agreement for Singapore

Loan Servicing Agreement Template for Singapore

A Loan Servicing Agreement under Singapore law is a comprehensive contract that establishes the relationship between a loan owner and a loan servicer. It details the servicer's responsibilities in managing and administering a loan portfolio, including collection of payments, maintaining records, handling defaults, and reporting. The agreement must comply with Singapore's Banking Act, MAS regulations, and data protection laws, while incorporating specific requirements for the Singapore financial services sector.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Loan Servicing Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Loan Servicing Agreement?

The Loan Servicing Agreement is essential when a loan owner wishes to outsource the administration and management of their loan portfolio to a specialized servicer. This document, governed by Singapore law, outlines the servicer's duties, including payment collection, borrower communication, default management, and compliance with local regulatory requirements. It's particularly relevant for financial institutions operating in Singapore's regulated banking sector and must align with MAS guidelines and the Banking Act.

What sections should be included in a Loan Servicing Agreement?

1. Parties: Identification of the loan servicer and the loan owner/originator

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Appointment and Authority: Scope of servicer's appointment and delegated authorities

5. Servicing Obligations: Core responsibilities and duties of the loan servicer including collection, payment processing, and reporting

6. Compliance Requirements: Obligations relating to regulatory compliance, AML/CFT requirements, and data protection

7. Fees and Expenses: Compensation structure and reimbursable expenses

8. Reporting Requirements: Regular reporting obligations and formats

9. Representations and Warranties: Standard representations and warranties from both parties

10. Term and Termination: Duration of agreement and termination provisions

11. Liability and Indemnification: Limitations of liability and indemnification obligations

12. Confidentiality: Provisions regarding confidential information and banking secrecy

13. General Provisions: Standard boilerplate clauses including governing law, notices, and amendments

What sections are optional to include in a Loan Servicing Agreement?

1. Special Servicing Provisions: Additional provisions for handling defaulted or non-performing loans

2. Sub-servicing: Terms and conditions for engaging sub-servicers

3. Securities Custody: Provisions for holding and maintaining loan security documents

4. Technology and Systems: Requirements for loan servicing systems and technology infrastructure

5. Business Continuity: Disaster recovery and business continuity requirements

What schedules should be included in a Loan Servicing Agreement?

1. Schedule 1 - Serviced Loans: Detailed list and characteristics of loan portfolio being serviced

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, charges, and payment terms

3. Schedule 3 - Service Levels: Performance metrics, service standards, and KPIs

4. Schedule 4 - Reporting Templates: Standard formats for required reports and notifications

5. Schedule 5 - Operating Procedures: Detailed procedures for loan servicing activities and workflows

6. Schedule 6 - Required Insurance: Insurance requirements and coverage details

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Service Agreement

Cost

Free to use
Relevant legal definitions
































Clauses






























Industries

Banking Act (Cap. 19): Primary legislation that regulates banking business and financial institutions in Singapore, setting requirements for licensed banks and financial institutions

Securities and Futures Act (Cap. 289): Regulates securities trading and financial markets, relevant when loans involve securities or securitization

Moneylenders Act (Cap. 188): Governs licensed moneylenders and their operations, applicable when loan servicer handles consumer loans from licensed moneylenders

Personal Data Protection Act 2012 (PDPA): Regulates the collection, use, and disclosure of personal data, crucial for handling borrowers' information and data protection obligations

MAS Notice 634: Regulatory guideline on banking secrecy issued by the Monetary Authority of Singapore

MAS Guidelines on Outsourcing: Regulatory framework for financial institutions' outsourcing arrangements, including loan servicing

MAS Technology Risk Management Guidelines: Guidelines for managing technology risks in financial institutions, including loan servicing operations

MAS Fair Dealing Guidelines: Guidelines ensuring fair treatment of consumers in financial services

ABS Code of Consumer Banking Practice: Industry standards set by the Association of Banks in Singapore for consumer banking practices

Contract Law (Cap. 43): Fundamental legislation governing contract formation, terms, and enforcement in Singapore

MAS Notice 626: Requirements for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in banking operations

Fair Trading Act: Legislation protecting consumers against unfair practices in transactions

Insolvency, Restructuring and Dissolution Act 2018: Framework for handling defaulted loans, debt restructuring, and recovery procedures

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lease Transfer Form

A legal document under Singapore law that enables the transfer of lease rights and obligations from one tenant to another, with landlord approval.

Download

Graphic Design Agreement

A Singapore law-governed agreement establishing terms between graphic designers and clients for design services.

Download

House Rental Lease

A Singapore-compliant residential lease agreement establishing terms and conditions for property rental between landlord and tenant.

Download

House Rental Form

A standardized rental agreement form for residential properties in Singapore, compliant with local housing laws.

Download

Design Services Agreement

A Singapore-law governed agreement establishing terms for professional design services between a service provider and client.

Download

Residential Lease Extension

A Singapore-compliant legal agreement extending an existing residential lease between landlord and tenant for an additional term.

Download

Commercial Lease Extension Letter

A formal document under Singapore law used to extend an existing commercial lease agreement, specifying extension terms and conditions.

Download

Childcare Agreement

A Singapore-compliant agreement establishing terms and conditions between childcare providers and parents/guardians for childcare services.

Download

Facility Management Agreement

A legal agreement governing facility management services in Singapore, outlining service provider responsibilities, standards, and compliance with local regulations.

Download

Accounting Services Agreement

A Singapore-law governed agreement establishing terms for professional accounting services provision, including scope, fees, and compliance requirements.

Download

Recruitment Service Agreement

A Singapore-law governed agreement between recruitment agencies and clients for professional recruitment services.

Download

Service Order Agreement

A Singapore-law governed agreement that sets out terms and conditions for the provision of specific services between parties.

Download

Employee Service Agreement

A Singapore-compliant employment contract establishing terms and conditions between employer and employee.

Download

Virtual Office Lease Agreement

A Singapore-compliant agreement governing virtual office services, including business address usage and related services.

Download

Tutoring Contract

A Singapore-law governed contract establishing terms and conditions for tutoring services, including service scope, payment terms, and mutual obligations.

Download

Translation Agreement

A Singapore-law governed agreement setting out terms and conditions for professional translation services.

Download

Rental Waiver Form

A Singapore law-compliant document that formally records a landlord's agreement to waive specific rental obligations of a tenant.

Download

Marketing Services Contract

A legally binding agreement for marketing services provision, governed by Singapore law and regulations.

Download

Hosting Contract

A Singapore-law governed agreement defining terms for hosting services provision, including infrastructure, security, and data protection requirements.

Download

Graphic Design Retainer Contract

A Singapore-law governed agreement establishing ongoing graphic design services for a fixed monthly fee.

Download

Financial Services Agreement

A Singapore law-governed agreement establishing terms for financial services provision, compliant with MAS regulations and local financial services legislation.

Download

Early Works Agreement

A Singapore-law governed agreement enabling preliminary construction activities before the main contract execution.

Download

Dispatch Agreement

A Singapore-law governed agreement establishing terms and conditions for dispatch services between a provider and client.

Download

Commercial Service Agreement

A Singapore-law governed agreement establishing terms for commercial service provision between businesses.

Download

Bookkeeping Service Agreement

A Singapore-law governed agreement establishing terms for professional bookkeeping services, including scope, responsibilities, and compliance requirements.

Download

Auto Repair Contract

A Singapore-law governed agreement setting out terms and conditions for vehicle repair services, including warranties and consumer protections.

Download

Work Service Agreement

A Singapore-compliant legal document authorizing a representative to collect unpaid salary on behalf of an employee.

Download

Freelance Service Agreement

A Singapore law-governed agreement establishing terms between freelancers and clients for professional services.

Download

Enterprise Service Agreement

A Singapore-law governed agreement defining terms for enterprise-level service provision between provider and customer.

Download

Public Service Contract

A standardized contract for government service procurement in Singapore, governed by local public sector procurement laws.

Download

Residential Service Agreement

A Singapore-law governed agreement defining terms for residential services between service providers and residents.

Download

Repair Agreement

A Singapore law-governed agreement setting out terms and conditions for repair services, including scope, warranties, and payment terms.

Download

Service Level Agreement Contract

A Singapore-law governed agreement establishing service performance standards and metrics between provider and customer.

Download

Software Master Services Agreement

A Singapore law-governed agreement establishing terms for ongoing software services delivery, including service levels, IP rights, and compliance requirements.

Download

Cleaning Services Contract

A Singapore law-governed agreement establishing terms and conditions for professional cleaning services, incorporating local regulatory requirements and industry standards.

Download

Loan Servicing Agreement

A Singapore-law governed agreement establishing terms for loan portfolio servicing and administration services.

Download

Development Service Agreement

A Singapore-law governed agreement that establishes terms and conditions for development services between a provider and client.

Download

Engagement Letter For Consulting Services

A Singapore-law governed letter outlining consulting services terms, conditions, and mutual obligations between consultant and client.

Download

Cleaning Service Agreement

A Singapore-governed agreement establishing terms and conditions between cleaning service providers and clients, incorporating local regulatory requirements.

Download

Personal Injury Waiver Form

A Singapore-compliant legal document where participants waive their right to sue for personal injuries during specified activities.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it