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 New Hampshire Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to assist individuals in lending or borrowing money in the state of New Hampshire. This package includes various templates and forms that provide a clear understanding of the terms and conditions of the loan agreement. The primary document included in this package is the New Hampshire Personal Loan Agreement. This agreement outlines the essential details of the loan, such as the loan amount, repayment schedule, interest rate, late payment penalties, and any additional terms. It ensures that both the lender and the borrower are aware of their responsibilities and rights throughout the loan term. Another crucial document included in the package is the Promissory Note. This document serves as a written promise by the borrower to repay the loan amount according to the agreed-upon terms. It specifies the details of the loan and offers legal protection to both parties involved. Additionally, the New Hampshire Personal Loan Agreement Document Package may include a Loan Amendment Agreement. This document is utilized to make amendments or modifications to the original loan agreement when needed. It provides a clear and legally binding process for modifying the terms of the loan without requiring the creation of an entirely new agreement. Furthermore, within this package, you may find a Loan Extension Agreement. This document is used when both parties agree to extend the loan period beyond the initially agreed-upon term. It outlines the terms and conditions of the loan extension and ensures that the extension is carried out in a legally binding manner. Finally, the package may include a Loan Satisfaction Agreement. This document is utilized when the borrower has fully repaid the loan and serves as evidence that all obligations have been met. It releases the borrower from any further liability related to the loan. In summary, the New Hampshire Personal Loan Agreement Document Package consists of essential legal documents, including the Personal Loan Agreement, Promissory Note, Loan Amendment Agreement, Loan Extension Agreement, and Loan Satisfaction Agreement. These documents provide a comprehensive and legally binding framework for lending or borrowing money in New Hampshire.
