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.
The Missouri Personal Loan Agreement Document Package is a comprehensive and legally binding set of documents designed to facilitate a personal loan agreement between two parties residing in the state of Missouri. This package includes all the necessary paperwork and forms required to outline the terms and conditions of the loan agreement, ensuring both parties are protected and the loan process is transparent. The main components of the Missouri Personal Loan Agreement Document Package include: 1. Loan Agreement: This document outlines all the specifics of the loan, such as the loan amount, repayment terms, interest rates, and any additional fees or penalties. It also includes clauses covering late payments, default, and dispute resolution. 2. Promissory Note: This document establishes the borrower's promise to repay the loan according to the agreed-upon terms. It includes details such as the principal amount, interest rate, repayment schedule, and any provisions for early repayment. 3. Security Agreement: In certain cases, the lender may require collateral to secure the loan. This document specifies the assets being used as collateral and the conditions under which the lender may seize and sell them in case of default. 4. Guaranty Agreement: If a third-party guarantor is involved, this document outlines their obligations and responsibilities in case the borrower fails to repay the loan. 5. Disclosure Statement: This document discloses important information to the borrower, such as the total amount to be repaid, the APR (Annual Percentage Rate), any associated fees, and any potential consequences of non-payment. While there may not be different types of Missouri Personal Loan Agreement Document Packages per se, the specifics of each package can vary depending on factors such as loan amount, repayment term, interest rate, and the presence of collateral or guarantors. However, regardless of these variations, the overall purpose of the package remains the same — to establish a legal and binding agreement between the borrower and lender. In conclusion, the Missouri Personal Loan Agreement Document Package is an essential collection of legally binding documents that clarify the terms and conditions of a personal loan in the state of Missouri. This package offers protection and peace of mind to both parties involved by clearly outlining their rights, responsibilities, and the consequences of non-compliance.
