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.
A personal loan document form with notary is an essential legal document that outlines the terms and conditions of a personal loan agreement between the lender and borrower. This form is often required to ensure the loan agreement is legally binding and enforceable. In this document, important details such as the loan amount, interest rate, repayment terms, and any collateral or security provided by the borrower are recorded. The existence of a notary in the loan document form adds an extra layer of authenticity and establishes the validity of the agreement. There are several types of personal loan document forms with notary, each designed to cater to specific loan scenarios. Some common types include: 1. Promissory Note: This is the most basic personal loan document form which includes the borrower's promise to repay the loan, the amount borrowed, interest rate, and repayment schedule. 2. Secured Personal Loan Agreement: This type of loan form includes provisions regarding collateral that the borrower pledges as security for the loan. The notary's presence ensures that the collateral is legally bound to the loan. 3. Unsecured Personal Loan Agreement: Unlike a secured loan, this form does not require any collateral. The notary in this document strengthens the validity of the agreement and acts as a neutral third party witness. 4. Cosigner Agreement: In cases where the borrower's creditworthiness is questionable, a cosigner agreement form is used. The notary ensures that both the borrower and cosigner understand and accept the obligations outlined in the agreement. 5. Installment Loan Agreement: This agreement is suitable for loans with multiple installment payments. It specifies the repayment schedule and includes relevant interest rate information, with a notary verifying the signature of both parties, ensuring mutual consent. Regardless of the type, a personal loan document form with notary serves as a legal proof of the loan transaction, protects the rights of both parties involved, and minimizes the risk of disputes or misunderstandings in the future. It is always recommended consulting a legal professional when drafting or executing such important documents to ensure compliance with local laws and regulations.
