Are you looking for a loan agreement form in Michigan? Download our free Michigan Loan Agreement Form which is available as PDF or Word documents.An IOU (I Owe You) is a legal document that sets out the details of a loan made between two people, a borrower, and a lender. Use this free Michigan Promissory Note Template to secure your loans in the state of Michigan. Edit, Sign and Download PDF. Did you lend someone money, but they have not paid you back? In this article, we go over how to write a demand letter. This form is furnished to give you a statement of actual settlement costs. In the event that you cosigned a loan, a lender will want an explanation letter ensuring that you are not the one making the payments. The Parties: Full names and addresses of the borrower and lender.