Alaska Promissory Note with Confessed Judgment Provisions

State:
Multi-State
Control #:
US-NOTE88
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

Hear this out loud PauseFor example, the Alaska statute of limitations is three years for contracts and two years for personal injury and personal property damage cases. If you don't file within the proper period, you lose your right to sue.

Hear this out loud PauseTo bring a lawsuit, the plaintiff files a document called a complaint with the court. The complaint explains what the dispute is about and states what relief the plaintiff is asking for. The defendant then has a chance to file a document called an answer.

Hear this out loud PauseA small claims case is a simplified type of court case for a person to try to recover money or personal property worth $10,000 or less. If your claim is over $10,000, you can still use small claims court, but you must give up the right to collect any amount over $10,000.

Persons under age 18 may be sued through their parent or legal guardian. Note: If the person is outside Alaska, the person usually cannot be sued in small claims court unless a district court judge, rather than a magistrate, presides over the case.

For example, the Alaska statute of limitations is three years for contracts and two years for personal injury and personal property damage cases. If you don't file within the proper period, you lose your right to sue.

? Filing Fees TypeEffective 5/1/2023Guardianship$150Probate of Estates$250Protective Orders - Domestic Violence, Stalking, Sexual Assault, or Financial AbuseFREESmall Claims$50 if dispute is $2,500 or less; $100 if dispute is more than $2,50030 more rows

To bring a lawsuit, the plaintiff files a document called a complaint with the court. The complaint explains what the dispute is about and states what relief the plaintiff is asking for. The defendant then has a chance to file a document called an answer.

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Alaska Promissory Note with Confessed Judgment Provisions