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.
Description: The Nevada Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to facilitate a borrowing arrangement between an individual lender and borrower in the state of Nevada. This package contains all the necessary forms and agreements required to establish, document, and enforce a personal loan agreement. The key components of the Nevada Personal Loan Agreement Document Package include: 1. Nevada Personal Loan Agreement Form: This is the primary agreement that outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, and any other specific provisions agreed upon by both parties. It serves as the legal binding contract between the lender and borrower. 2. Promissory Note: This document functions as a written promise by the borrower to repay the loan according to the terms specified in the loan agreement. It includes details such as the principal amount, interest rate, payment dates, and consequences for failure to repay. 3. Collateral Agreement: In some cases, the lender may require collateral to secure the loan. This agreement outlines the specific collateral, such as real estate or personal property, that is used to secure the loan. It details the rights and responsibilities of the borrower and lender in relation to the collateral. 4. Guarantor Agreement: If the borrower's creditworthiness is in question or additional security is desired, a third party may act as a guarantor. This agreement establishes the obligations and responsibilities of the guarantor in the event of default by the borrower. 5. Collection and Remedies Agreement: This document outlines the remedies available to the lender in case of default or non-payment by the borrower. It may include provisions for late fees, collection costs, and legal actions that can be pursued to recover the outstanding debt. Different types of Nevada Personal Loan Agreement Document Packages may include variations based on the specific loan requirements and circumstances, such as: 1. Secured Personal Loan Agreement: This type of agreement is used when the loan is secured by collateral, ensuring that the lender has a form of security in case of default. 2. Unsecured Personal Loan Agreement: In contrast to secured loans, unsecured loans do not require collateral. This agreement details the terms and conditions of the loan without any collateral involvement. 3. Installment Loan Agreement: This type of loan agreement allows the borrower to repay the loan in fixed monthly installments over a specified period. The agreement will include details of the installment amounts, duration, and the total amount to be repaid. In conclusion, the Nevada Personal Loan Agreement Document Package is a collection of essential legal documents that enable lenders and borrowers to formalize their loan arrangements in compliance with the laws of Nevada. It encompasses various agreements catering to different loan structures and requirements.
