Guam Personal Loan Agreement Document Package

State:
Multi-State
Control #:
US-P103-PKG
Format:
Word; 
Rich Text; 
PDF
Instant download

Description

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.


Free preview
  • Preview Personal Loan Agreement Document Package
  • Preview Personal Loan Agreement Document Package
  • Preview Personal Loan Agreement Document Package
  • Preview Personal Loan Agreement Document Package

How to fill out Personal Loan Agreement Document Package?

US Legal Forms - one of several greatest libraries of authorized varieties in America - gives a wide array of authorized file layouts you may down load or print. While using internet site, you can find thousands of varieties for enterprise and individual purposes, sorted by classes, says, or search phrases.You will discover the most recent types of varieties just like the Guam Personal Loan Agreement Document Package within minutes.

If you have a membership, log in and down load Guam Personal Loan Agreement Document Package from your US Legal Forms local library. The Acquire button will show up on every kind you perspective. You have access to all formerly acquired varieties from the My Forms tab of your profile.

If you would like use US Legal Forms for the first time, here are simple guidelines to get you began:

  • Make sure you have chosen the correct kind for your personal metropolis/state. Select the Preview button to review the form`s articles. Read the kind outline to actually have chosen the right kind.
  • When the kind does not suit your specifications, make use of the Research field on top of the display to discover the one who does.
  • If you are satisfied with the form, affirm your option by simply clicking the Get now button. Then, opt for the costs program you prefer and offer your qualifications to sign up on an profile.
  • Approach the deal. Make use of Visa or Mastercard or PayPal profile to finish the deal.
  • Pick the formatting and down load the form on your own product.
  • Make modifications. Load, change and print and sign the acquired Guam Personal Loan Agreement Document Package.

Every single web template you included in your money lacks an expiration date and it is yours for a long time. So, if you would like down load or print another backup, just proceed to the My Forms section and then click in the kind you need.

Gain access to the Guam Personal Loan Agreement Document Package with US Legal Forms, by far the most substantial local library of authorized file layouts. Use thousands of specialist and express-specific layouts that meet up with your organization or individual demands and specifications.

Form popularity

FAQ

You can write up a personal loan agreement by hand, with pen and paper, or draft it on your computer. Once the document looks good, it can be printed out and signed by both parties.

However, the do-it-yourself approach is perfectly acceptable and just as legally enforceable. Once you have both agreed on the terms, you may want to have the personal loan contract notarized or ask a third party to act as a witness during the signing.

Amount of the loan: Clearly state the amount that the loan is for. This should be the principal amount if interest is included. Not every loan agreement needs to include interest charges. Interest rate: If you're charging interest, state the rate and whether it's simple or compound.

First and foremost, understand that personal loan agreements fall into the classification of contracts. Technically, you don't have to notarize these documents. But if you want to make this document legally binding, then notarization is the best course of action.

First and foremost, understand that personal loan agreements fall into the classification of contracts. Technically, you don't have to notarize these documents. But if you want to make this document legally binding, then notarization is the best course of action.

Common items in personal loan agreements. The name, address, and contact information of the borrower. The name, address, and contact information of the lender. A plan for loan payment, such as a monthly payment plan with start dates and due dates. The maturity date or the date that the final payment is due on the loan.

What should be in a personal loan contract? Names and addresses of the lender and the borrower. Information about the loan co-borrower or cosigner, if it's a joint personal loan. Loan amount and the method for disbursement (lump sum, installments, etc.) Date the loan was provided. Expected repayment date.

Loan agreements typically include covenants, value of collateral involved, guarantees, interest rate terms and the duration over which it must be repaid.

Trusted and secure by over 3 million people of the world’s leading companies

Guam Personal Loan Agreement Document Package