Ashburnham, MA · Worcester County
Tri-Party Lenders Agreement
This seven-page sample agreement sets out security and construction obligations among Ashburnham’s Planning Board, a subdivision owner, and the lender holding the parcel’s first mortgage.
- 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
The agreement describes how a lender retains funds otherwise due to the owner as security for construction of subdivision ways and installation of municipal services, and how funds may be released or applied. It is associated with an approved definitive subdivision plan when the Planning Board accepts this lender agreement as a method of securing performance. The document is expressly marked “Sample Form – not to be used as original”; contact the Planning Board about the required original.
Who needs it
An owner, first-mortgage lender, and Planning Board may use this agreement when lender-held funds secure subdivision construction and municipal services under an approved definitive plan.
Why it needs a notary
The form carries acknowledgment blocks for the owner, owner’s spouse, lender representative, Planning Board members, and mortgagee; each named signer must acknowledge before a notary.
How to get this notarized
- 1
Download the Form
Get the seven-page sample agreement from the Ashburnham Planning Board and note that it is marked not to be used as the original.
- 2
Complete the Agreement
Coordinate with the owner, lender, and Planning Board to complete applicable information and confirm the required original.
- 3
Book an Online Notary
Schedule a session with a commissioned online notary for the signers whose acknowledgment blocks apply.
- 4
Sign on Video
Each signer appears on video and acknowledges their signature before the online notary.
- 5
Submit to the Planning Board
Follow the Planning Board’s directions for submitting the required original agreement.
Preview the form
The blank PDF straight from Ashburnham. 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
- How do I get the Tri-Party Lenders Agreement notarized?
- Complete the appropriate fields, then book with a commissioned online notary. Each signer must appear on video and acknowledge their signature; coordinate separately with the Planning Board and other parties.
- Do I need to use this sample as the original agreement?
- No. The form states “Sample Form – not to be used as original.” Contact the Ashburnham Planning Board about the original document it requires.
- Which signatures have acknowledgment blocks?
- The form includes acknowledgment blocks for the owner, owner’s spouse, lender representative, Planning Board members, and mortgagee. The applicable signers should acknowledge before a notary.
- Can a commissioned online notary notarize this agreement?
- Massachusetts permanently authorized remote online notarization for its own notaries effective January 1, 2024. G.L. c. 183, § 30(b) recognizes an acknowledgment taken outside the Commonwealth by a notary authorized to act where it was taken. Confirm acceptance with the Planning Board.
- Where should I ask about submitting the agreement?
- Ask the Ashburnham Planning Board about the required original, approval, and submission process; confirm with the city or town clerk if unsure.