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.
Arkansas Personal Loan Agreement Document Package is a comprehensive collection of legal documents that are essential for taking out a personal loan in the state of Arkansas. This package provides all the necessary paperwork and forms that borrowers and lenders need to enter into a loan agreement and ensure compliance with state laws. The Arkansas Personal Loan Agreement Document Package typically consists of the following: 1. Loan Agreement Form: This is the core document that outlines the terms and conditions of the personal loan, including the loan amount, interest rate, repayment schedule, and any collateral requirements. It also specifies the rights and responsibilities of both the borrower and lender. 2. Promissory Note: This document serves as evidence of the borrower's promise to repay the loan. It highlights the loan amount, interest rate, repayment terms, and consequences of defaulting on the loan. 3. Security Agreement: If the loan requires collateral, such as a vehicle or property, this agreement establishes the rights and obligations of both parties regarding the collateral. It outlines the conditions under which the lender can take possession of the collateral in the event of default. 4. Disclosure Statements: Arkansas law requires lenders to provide certain disclosures to borrowers. These statements inform borrowers about their rights, interest rates, fees, and any potential penalties or charges associated with the loan. 5. Installment Payment Agreement: If the personal loan is to be repaid in regular installments, this agreement specifies the payment schedule, due dates, and acceptable payment methods. 6. Affidavit of Identity: This document confirms the identity of the borrower, ensuring that all parties involved are aware of the individual's legal name and address. 7. Loan Application: This form collects essential information about the borrower, such as personal details, employment history, income, and credit background. Lenders utilize this information to assess the borrower's creditworthiness and determine the terms of the loan. It is important to note that these documents may vary slightly depending on the lender and the specific requirements of the personal loan. However, the Arkansas Personal Loan Agreement Document Package provides a solid foundation for borrowers and lenders to establish a legally binding loan agreement. Other variations or types of Arkansas Personal Loan Agreement Document Packages may include specific documents tailored towards particular loan types, such as payday loans, student loans, or mortgage loans. However, the core elements and legalities remain the same across these packages, with some specific details adjusted as per the loan type and guidelines provided by Arkansas state law.
Arkansas Personal Loan Agreement Document Package is a comprehensive collection of legal documents that are essential for taking out a personal loan in the state of Arkansas. This package provides all the necessary paperwork and forms that borrowers and lenders need to enter into a loan agreement and ensure compliance with state laws. The Arkansas Personal Loan Agreement Document Package typically consists of the following: 1. Loan Agreement Form: This is the core document that outlines the terms and conditions of the personal loan, including the loan amount, interest rate, repayment schedule, and any collateral requirements. It also specifies the rights and responsibilities of both the borrower and lender. 2. Promissory Note: This document serves as evidence of the borrower's promise to repay the loan. It highlights the loan amount, interest rate, repayment terms, and consequences of defaulting on the loan. 3. Security Agreement: If the loan requires collateral, such as a vehicle or property, this agreement establishes the rights and obligations of both parties regarding the collateral. It outlines the conditions under which the lender can take possession of the collateral in the event of default. 4. Disclosure Statements: Arkansas law requires lenders to provide certain disclosures to borrowers. These statements inform borrowers about their rights, interest rates, fees, and any potential penalties or charges associated with the loan. 5. Installment Payment Agreement: If the personal loan is to be repaid in regular installments, this agreement specifies the payment schedule, due dates, and acceptable payment methods. 6. Affidavit of Identity: This document confirms the identity of the borrower, ensuring that all parties involved are aware of the individual's legal name and address. 7. Loan Application: This form collects essential information about the borrower, such as personal details, employment history, income, and credit background. Lenders utilize this information to assess the borrower's creditworthiness and determine the terms of the loan. It is important to note that these documents may vary slightly depending on the lender and the specific requirements of the personal loan. However, the Arkansas Personal Loan Agreement Document Package provides a solid foundation for borrowers and lenders to establish a legally binding loan agreement. Other variations or types of Arkansas Personal Loan Agreement Document Packages may include specific documents tailored towards particular loan types, such as payday loans, student loans, or mortgage loans. However, the core elements and legalities remain the same across these packages, with some specific details adjusted as per the loan type and guidelines provided by Arkansas state law.
