Mississippi Complaint for Past Due Promissory Note
About this form
The Complaint for Past Due Promissory Note is a legal document that a plaintiff uses to initiate a lawsuit against a defendant who has failed to pay on a promissory note. A promissory note is a promise to pay a specified amount of money at a designated time. This complaint outlines the plaintiff's claim regarding the default on the note and seeks a judgment for the owed amount plus any legal fees, distinguishing it from other types of complaints which may address different matters, such as property disputes or breach of contract.
Main sections of this form
- Identification of the plaintiff and defendant, including their legal names and addresses.
- Details of the promissory note, including the date it was made and specifics about its terms.
- Statement confirming the plaintiff has fulfilled their obligations as per the note.
- Allegation of the defendant's default and the total amount due, including attorney's fees.
- A request for judgment specifying the total amount owed and any additional relief sought.
Situations where this form applies
This form is typically used when a lender (the plaintiff) needs to take legal action against a borrower (the defendant) who has defaulted on a promissory note. Common situations may include scenarios where payment was due but not received, disputes regarding the terms of repayment, or when the borrower denies the obligation to pay.
Who needs this form
- Lenders seeking to recover debts from borrowers who have defaulted on their promissory notes.
- Businesses that have extended credit and are owed money.
- Individuals who have entered into private loan agreements and need to enforce payment.
Instructions for completing this form
- Identify and enter the names and addresses of the plaintiff and defendant.
- Provide the date when the promissory note was made.
- Include a copy of the promissory note as Exhibit A within the complaint.
- State the amount owed and any attorney's fees applicable per the note's terms.
- Sign the complaint and include your attorney's information if represented.
Is notarization required?
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to properly identify the parties involved in the complaint.
- Not including a copy of the promissory note as required.
- Omitting the date of the transaction or default.
- Forgetting to request specific relief or judgment amounts.
Advantages of online completion
- Convenience of downloading and filling out the form from anywhere.
- Editability to customize the document easily to fit individual circumstances.
- Reliability, as the form is drafted by licensed attorneys to meet legal standards.
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FAQ
Promissory notes are typically recorded as public documents and accessible shortly after the closing. The trustee maintains the original deed until the loan is satisfied. When the loan is paid off, the trustee automatically records a deed of reconveyance at the county recorder's office for safekeeping.
Writing the Promissory Note Terms You don't have to write a promissory note from scratch. You can use a template or create a promissory note online.
In order for a promissory note to be valid, both the lender and the borrower must sign the documentation. If you are a co-signer for the loan, you are required to sign the promissory note. Being a co-signer requires you to repay the loan amount in the instance that the borrower defaults on payment.
Promissory notes are a valuable legal tool that any individual can use to legally bind another individual to an agreement for purchasing goods or borrowing money. A well-executed promissory note has the full effect of law behind it and is legally binding on both parties.
