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.
Loan Document Form for Green Card Holders: A Comprehensive Guide As a green card holder, you may have various financial needs and goals. In some instances, you might consider applying for a loan to fulfill these objectives. However, before proceeding with any loan application process, it is crucial to understand the loan document forms designed specifically for green card holders. This detailed description will provide you with an overview of these important forms, ensuring that you are well-informed and prepared when seeking financial assistance. 1. Loan Application Form for Green Card Holders: This form is the initial step in the loan application process. It requires you to provide personal details such as your full name, contact information, employment history, and annual income. Additionally, you will need to supply your green card information, including the card number, expiration date, and verification of your legal residency status. This form is mandatory for all types of loan applications and serves as the foundation for further documentation. 2. Green Card Verification Form: This form is specific to green card holders and is an essential component of the loan application process. It requires you to prove your legal residency status by attaching a copy of your valid green card. This verification is crucial for lenders to confirm your eligibility for certain loan products, as it serves as proof of your stable immigration status within the United States. 3. Financial Documents Form: This form encompasses a variety of documents that showcase your financial health and capability to repay the loan. It typically includes recent bank statements, tax returns, pay stubs, and employment verification documents. These documents help lenders evaluate your income stability, creditworthiness, and ability to meet loan repayment obligations. Green card holders might be required to provide additional documents that explicitly show their eligibility for certain loan programs. 4. Collateral Documentation Form: In the case of secured loans, where collateral is required, green card holders need to submit collateral documentation to support their loan application. This form involves providing details about the collateral being offered, such as property deeds, vehicle titles, or any other valuable assets. These documents play a crucial role in determining the loan amount, interest rates, and terms, as they provide security for the lender in case of default. 5. Credit Check Authorization Form: Lenders need your consent to perform a credit check as part of the loan application process. This form grants them permission to access your credit history, allowing them to assess your creditworthiness, debt obligations, and financial responsibility. Green card holders may also be required to provide additional documentation that exhibits their credit history from their home country or other pertinent information. It is important to note that the specific loan document forms required may vary depending on the type of loan you are applying for, such as personal loans, mortgage loans, or business loans. Additionally, different lenders may have their own set of required documents. It is advisable to consult with the specific lender or financial institution you plan to approach for an accurate and detailed list of necessary documentation. In conclusion, loan document forms for green card holders serve as a crucial bridge between you and the lender. By understanding and gathering the necessary documentation, you can streamline the loan application process and increase your chances of obtaining the financial assistance you require. Be sure to have a clear understanding of the requirements specified by your chosen lender to ensure a smooth and successful loan application experience.
