Borrowers often have to meet more conditions to obtain uninsured credit. Interest rates on an unsecured loan are also much higher, as the lender faces a much higher risk. (a) a document, as prescribed, containing itself all the prescribed conditions and meeting the provisions of section 60 (1), either signed by the debtor or lessee, or by or on behalf of the creditor or owner, in the prescribed manner, and after reading the credit agreement in depth, Sarah agrees to all the conditions described in the agreement; by signing it. The lender also signs the credit agreement; After the contract is signed by both parties, it becomes legally binding. Lenders offer full disclosure of all loan terms in a credit agreement. An invalid credit agreement simply has no effect, while an unenforceable agreement simply cannot be enforced until certain measures have been taken. If measures are possible, they are considered only temporarily unenforceable, but if no action is possible, it is irrevocably unenforceable. As we have seen, a lender is required to provide a copy of the credit agreement. The agreement will not be applicable until he provides a copy of it.