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 format refers to the specific layout and structure used to create and present a loan document. It is crucial to adhere to a standardized format to ensure clarity, consistency, and compliance in the loan documentation process. Here are the different types of loan document form formats commonly used: 1. Promissory Note: A promissory note is a legal document that outlines the borrower's promise to repay the loan amount borrowed, along with specific terms and conditions. It includes details such as the loan amount, interest rate, repayment schedule, and any collateral provided. 2. Loan Agreement: A loan agreement is a comprehensive document that sets forth the terms and conditions of a loan, including detailed information about the borrower, lender, loan purpose, repayment terms, interest rates, late payment penalties, and any additional provisions or terms agreed upon. 3. Mortgage or Deed of Trust: A mortgage or deed of trust is a loan document form format used when the loan is secured by real estate property. It outlines the rights and obligations of both the borrower and lender, including details about the property, loan amount, interest rate, payment terms, and foreclosure rights. 4. Loan Application Form: A loan application form is used by borrowers to provide their personal and financial information when applying for a loan. It includes details such as the borrower's name, contact information, income, employment history, assets, liabilities, credit history, and purpose of the loan. 5. Loan Disbursement Form: A loan disbursement form is used by lenders to record the details of loan disbursements made to borrowers. It typically includes information such as the loan disbursement date, amount, purpose, and mode of disbursement (e.g., cash, check, wire transfer). 6. Loan Amortization Schedule: A loan amortization schedule is a table that illustrates the repayment structure of a loan over its duration. It presents information such as the principal amount, interest rate, loan term, monthly payment amount, and the breakdown of each payment into principal and interest components. 7. Loan Extension Agreement: A loan extension agreement is used when both the borrower and lender agree to extend the maturity date of an existing loan. It outlines the revised repayment terms, including the new maturity date, interest rate (if applicable), and any additional fees or provisions. In conclusion, loan document form format is a crucial aspect of the loan documentation process. Various types of loan documents, such as promissory notes, loan agreements, mortgages, loan applications, loan disbursement forms, loan amortization schedules, and loan extension agreements, require specific formats to accurately document and communicate the loan terms and conditions.
