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 Oregon Personal Loan Agreement Document Package is a comprehensive set of legal documents specifically designed for individuals residing in Oregon who wish to enter into a personal loan agreement. This package provides a clear, detailed, and legally compliant framework for both lenders and borrowers to ensure a smooth and enforceable loan transaction. The main elements included in the Oregon Personal Loan Agreement Document Package are: 1. Oregon Personal Loan Agreement Form: This is the core document that outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, and any additional provisions deemed necessary. It establishes the legal obligations of both the lender and the borrower. 2. Loan Repayment Schedule: This document provides a structured repayment plan, specifying the amount and frequency of payments, helping borrowers stay on track with their loan obligations. 3. Promissory Note: A Promissory Note is included in the package, which serves as a written promise by the borrower to repay the loan according to the agreed terms. It states the details of the loan, including the principal amount, interest rate, and repayment plan. 4. Disclosure Statement: This document provides important information to the borrower, such as the total cost of borrowing, annual interest rate, any late payment fees, and the consequences of default. It ensures transparency and compliance with state regulations. 5. Security Agreement: In case the loan is secured, this document outlines the collateral provided by the borrower as security for the loan. It establishes the terms of the security interest, protecting the lender's rights in case of default. Different types of Oregon Personal Loan Agreement Document Packages may include variations based on the specifics of the loan transaction. For instance: 1. Simple Personal Loan Agreement: This package is suitable for straightforward personal loans without collateral or complex terms. 2. Secured Personal Loan Agreement: Designed for loans where the borrower provides collateral, such as a property or a vehicle, to secure the loan. 3. Personal Line of Credit Agreement: This package is specifically tailored for establishing a personal line of credit, allowing borrowers to borrow and repay funds as needed within predetermined limits. 4. Joint Personal Loan Agreement: In cases where multiple parties are involved in borrowing or lending, this package facilitates the creation of a legally binding agreement that outlines the responsibilities and obligations of each party. The Oregon Personal Loan Agreement Document Package ensures that all parties involved in a personal loan transaction in Oregon are safeguarded and their rights protected. It provides the necessary legal documentation to comply with state laws and regulations, establishing a clear framework for loan repayment, and minimizing potential disputes or misunderstandings.
