This package includes the essential forms needed for making and collecting a personal loan. These forms are an important tool for avoiding future misunderstandings and disputes. Purchase of this package is a savings of more than 50% over purchase of the forms individually!
The following forms are included in this package:
Unsecured Installment Payment Promissory Note for Fixed Rate - This is a Promissory Note for your state. The promissory note is unsecured, with a fixed interest rate, and contains a provision for installment payments.
Secured Promissory Note - This form is a secured Promissory Note. The note includes a provision which describes the collateral to be used as security on the loan. The form also contains a section which details various actions which would constitute default on the note.
Personal Guaranty - General - This form is a Guaranty. The form provides that the guarantor assures the full and prompt payment of all obligations incurred by the payor.
Sample Letter for Past Due Balance - This is a sample notice for use when a debtor is overdue in payments on a promissory note. A time period for making payment before further action is taken, which may be modified to suit your needs, is provided.
Complaint for Past Due Promissory Note - The form is a complaint for a default on payments due pursuant to a promissory note. The complaint adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another.
Promissory Note with Installment Payments - This form is a Promissory Note. The form provides that the borrower promises to pay the lender in monthly installments. The agreement also provides that there will not be a pre-payment penalty on the note.
Notice of Default in Payment Due on Promissory Note - This form is a notice of a failure to make a required payment when due pursuant to a promissory note. The form also contains a warning to the breaching party that legal action will be taken unless the breach is remedied on or before a certain date. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a notice in a particular jurisdiction.
Resolution of Meeting of Corporation to Make Specific Loan - This form is a resolution of meeting of a board of directors or shareholders to make specific loan. This form may be easily modified for use by other business entities.
Receipt for Payment of Account - This form is a Receipt. The form provides that the undersigned acknowledges the receipt of a certain sum of money which constitutes payment on the account named in the receipt. The receipt also lists the balance remaining on the account, if applicable.
Promissory Note with Confessed Judgment Provisions - This form is a Promissory Note with Confessed Judgment Provisions. The maker of the note promises to repay a loan received from the lender, with interest. The form provides that if the maker defaults upon the loan, the lender may exercise the option of demanding the immediate payment of the entire loan. The debtor agrees to have judgment entered in the lenders favor if court action is brought to enforce collection.
Balloon Unsecured Promissory Note - This form is a model balloon promissory note, with a fixed interest rate. A balloon note is structured such that a large payment is due at the end of the repayment period. Adapt to fit your specific circumstances.
Title: A Comprehensive Overview of Form Loan Document for Employees: Types and Details Description: Form Loan Document for Employees serves as a crucial record that offers an organized and transparent process for facilitating loans between employers and their employees. This detailed description explores the significance, important elements, and various types of Form Loan Documents for employees. Key Keywords: — Form LoaDocumenten— - Employee Loan Agreement — Loan Consent For— - Employee Loan Application Form — Loan Authorization for— - Loan Policy for Employees — Employee Loan Agreement Template Types of Form Loan Documents for Employees: 1. Employee Loan Agreement: This type of Form Loan Document outlines the terms and conditions agreed-upon by both the employer and employee. It includes important provisions such as the loan amount, repayment schedule, interest rate, any collateral requirements, and consequences of default. 2. Loan Consent Form: A Loan Consent Form is used by an employee to formally acknowledge their consent for taking out a loan. It typically includes employee details, the purpose of the loan, and a declaration of willingness to repay. 3. Employee Loan Application Form: An Employee Loan Application Form is an essential document used by employees to formally request a loan from their employer. This form captures essential information, such as the loan amount, purpose, planned repayment terms, and any relevant supporting documents. 4. Loan Authorization Form: This document provides employers the legal consent to process the loan application of their employees. It includes details like the loan amount, repayment terms, interest rate, and method of repayment authorized by the employer. 5. Loan Policy for Employees: A Loan Policy for Employees serves as a set of guidelines defined by a company to govern and regulate the loan application and approval process. It outlines eligibility criteria, loan limits, repayment terms, and other important aspects related to employee loans. 6. Employee Loan Agreement Template: An Employee Loan Agreement Template provides a standardized format that can be customized to suit specific loan agreements between employers and employees. It covers all essential aspects of the loan, serving as a legally binding document. In summary, Form Loan Documents for Employees are vital tools that ensure clarity, compliance, and transparency in the employer-employee loan process. These documents carry an array of types, including Employee Loan Agreements, Loan Consent Forms, Employee Loan Application Forms, Loan Authorization Forms, Loan Policies for Employees, and standardized Employee Loan Agreement Templates. Using such forms aids in establishing an efficient, well-documented, and mutually beneficial lending system within an organization.
