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.
Form loan document forgiveness refers to the process through which borrowers can apply for the forgiveness of their loan documents. This process entails filling out specific forms provided by the lending institution or the government, depending on the loan program. One common type of loan document forgiveness form is the Public Service Loan Forgiveness (PSL) Application. This form is intended for borrowers who work in public service jobs and have made 120 qualifying payments under a qualifying repayment plan. By completing this form, borrowers can have the remaining balance of their Direct Loans forgiven after meeting the necessary requirements. Another type of loan document forgiveness form is the Income-Driven Repayment (IDR) Forgiveness Request. This form is designed for borrowers who have enrolled in an IDR plan and have made the required number of qualifying payments. By submitting this form, borrowers can apply for the forgiveness of their remaining loan balance after a specific period, typically 20 or 25 years. Additionally, there are loan forgiveness programs specific to certain professions or industries. For example, teachers may be eligible for the Teacher Loan Forgiveness Program, which requires them to teach full-time in a low-income school for five consecutive years. Healthcare professionals may qualify for loan forgiveness through programs such as the National Health Service Corps or the Nurse Corps Loan Repayment Program. It is important to note that each loan forgiveness program may have its own specific form for borrowers to complete. These forms typically require detailed information about the borrower's employment, income, repayment history, and other relevant factors. It is crucial for borrowers to carefully read the instructions and provide accurate information when filling out these forms to ensure their eligibility for loan document forgiveness. In conclusion, loan document forgiveness forms play a vital role in helping borrowers seek relief from their loan obligations. Different types of forgiveness forms, such as the PSL Application and IDR Forgiveness Request, are available to borrowers based on their eligibility criteria and the type of loans they have. By understanding and completing these forms accurately, borrowers can take advantage of the loan forgiveness programs that align with their circumstances and potentially alleviate their financial burden.
