US Legal Forms
Purchase and Assumption Agreement

Rhode Island Purchase and Assumption Agreement

Category:

Real Estate - Assumptions

State:

Multi-State

Control #:

US-RE-A-10102-1

Format:

Instant download

Description

Purchase and assumption is a transaction in which a healthy bank or thrift purchases assets and assumes liabilities (including all insured deposits) from an unhealthy bank or thrift. It is the most common and preferred method used by the Federal Deposit Insurance Corporation (FDIC) to deal with failing banks. The agreement may be customized to suit your needs.

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