Deposit Account Control Agreement — Review and Redline (Lender Side)
A redline of the counterparty's Deposit Account Control Agreement prepared for the lender, covering the document that perfects a lender's interest in a bank account and defines who may direct the funds and when.
We tell you which terms are genuinely unacceptable and which are just unfamiliar. You receive a marked-up document plus a ranked issues memo that separates what must change from what is worth trading.
Frequently asked questions
The fee covers a full read of the counterparty's document against your position, a tracked-changes redline you can send back, and a ranked issues memo separating deal-breakers from trade material. It is fixed at this scope: one account. 1 round of revisions are included. If your matter falls outside that scope we tell you before starting and quote the difference — we do not bill past a flat fee without agreeing it first.
3 to 5 business days from a complete set of instructions, plus time for the 1 round of revisions included in the fee. If you are working to a court deadline or a closing date, tell us when you order and we will confirm in writing whether we can meet it before you commit.
$900 is $325/hour × 2.75 hours — the time this deliverable takes in an ordinary lending matter, at the firm's standard rate. Because it is a flat fee, the risk of the work running long sits with the firm: you pay $900 whether it takes us the estimate or twice it.
Third-party costs are never inside a flat fee and are passed through at cost, never marked up: court and agency filing fees, court reporter and transcript charges, expert witness fees, search vendor and e-discovery hosting charges, process server fees, and travel.
The business terms you have agreed so far, the counterparty and which side of the deal you are on, any existing draft, term sheet, or prior agreement, and your risk tolerance on the provisions that matter most to you. Send what you have — if something is missing we will tell you what else we need before the turnaround clock starts.
Clients also order
Other Lending work MC Law prepares on a flat fee.
Deposit Account Control Agreement — Review and Redline (Borrower Side)
A redline of the counterparty's Deposit Account Control Agreement prepared for the borrower, covering the document that perfects a lender's interest in a bank account and defines who may direct the funds and when.
Deposit Account Control Agreement (Short Form)
A streamlined Deposit Account Control Agreement that perfects a lender's interest in a bank account and defines who may direct the funds and when, focused on the terms that carry the risk.
Loan Modification and Amendment Agreement — Review and Redline (Borrower Side)
A redline of the counterparty's Loan Modification and Amendment Agreement prepared for the borrower, covering the document that changes rate, term, or covenants without inadvertently releasing collateral or guarantors.
Loan Modification and Amendment Agreement — Review and Redline (Lender Side)
A review and redline of a Loan Modification and Amendment Agreement from the lender position, for the document that changes rate, term, or covenants without inadvertently releasing collateral or guarantors.