Weymouth, MA · Norfolk County
Performance Secured by Lender's Agreement
This agreement secures subdivision construction and municipal-service obligations with funds retained by a lender, for Weymouth applicants, lenders, and Planning Board representatives to sign.
- licensed online notary
- ~15 min average
- Notarized PDF emailed
What you’ll need
- Government-issued photo ID
- Webcam-enabled device (laptop or phone)
- This form, ready to upload as a PDF
What this form is
This agreement documents how a lender retains funds from credit extended to a subdivision applicant to secure construction of ways and installation of municipal services. It identifies the subdivision plan, related obligations, work stages, and conditions for releasing funds or lots. Weymouth’s Department of Planning and Community Development uses the agreement for a subdivision project secured by lender-held funds; the completed agreement is delivered to the Planning Board.
Who needs it
Subdivision applicants, their lenders, and Weymouth Planning Board representatives use this agreement when lender-retained funds secure project construction and municipal-service obligations.
Why it needs a notary
The form has separate acknowledgment blocks for a Planning Board representative, the applicant, and the lender’s authorized representative, each appearing before a notary.
How to get this notarized
- 1
Download The Agreement
Download Weymouth’s Performance Secured by Lender's Agreement from the Town’s document page.
- 2
Complete The Agreement
Fill in the applicant, lender, subdivision, security amount, work schedule, and other requested details.
- 3
Book An Online Notary
Arrange a remote notarization with a commissioned online notary for the form’s acknowledgment blocks.
- 4
Sign On Video
Appear on video and acknowledge your signature before the notary when prompted.
- 5
Submit To The Town
Deliver the completed agreement to the Planning Board as directed by Weymouth.
Preview the form
The blank PDF straight from Weymouth. Look it over, then upload your filled copy to start the notary session.
You’ll need ID and a webcam.
A licensed online notary will join you on video, verify your government-issued ID, witness your signature, and apply their seal. You’ll receive the notarized PDF by email when the session ends.
Frequently asked questions
- Who signs the Performance Secured by Lender's Agreement?
- The form provides signature and acknowledgment sections for a Planning Board representative, the applicant, and an authorized representative of the lender.
- Do I need to have each signature notarized?
- The form includes separate acknowledgment blocks for the Planning Board representative, applicant, and lender representative. Check with the city or town clerk if unsure which signatures must be notarized.
- How do I get this agreement notarized online?
- Massachusetts permanently authorized remote online notarization for its own notaries effective January 1, 2024. Book with a commissioned online notary, then complete the acknowledgment on video; confirm the Town’s acceptance process with the Planning Board.
- What happens to the funds retained by the lender?
- The agreement provides for release of funds as specified work stages are satisfactorily completed. It also says the lender must obtain written release from the Department before disbursing security funds to the applicant.