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:
The North Dakota Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to govern the terms and conditions of personal loans in the state of North Dakota. This package includes all the necessary forms and agreements required to properly establish and protect the rights and obligations of both the lender and the borrower. One of the main components of the North Dakota Personal Loan Agreement Document Package is the Promissory Note. This document outlines the amount of the loan, the interest rate, repayment terms, and any penalties for late payments or default. It serves as evidence of the borrower's promise to repay the loan within the agreed-upon terms. In addition to the Promissory Note, the package also includes a Loan Agreement. This document provides a more detailed description of the terms and conditions of the loan, including any collateral provided by the borrower, if applicable. It also includes provisions for late fees, prepayment penalties, and the consequences of default. To ensure the enforceability of the loan agreement, the package also includes a Personal Guarantee form. This document is often required when the borrower's creditworthiness is in question. It allows a third party, typically a co-signer, to guarantee the repayment of the loan in the event that the borrower defaults. The North Dakota Personal Loan Agreement Document Package may also include additional supportive documents such as a Collateral Agreement or a Security Agreement, depending on the specifics of the loan. These documents establish the rights and obligations of the lender in relation to any collateral provided by the borrower to secure the loan. Overall, the North Dakota Personal Loan Agreement Document Package offers an extensive collection of legal forms and agreements needed to properly establish and regulate personal loans in North Dakota. Different variations or specific versions of this package might exist to cater to various loan-specific requirements or legal frameworks.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.
The North Dakota Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to govern the terms and conditions of personal loans in the state of North Dakota. This package includes all the necessary forms and agreements required to properly establish and protect the rights and obligations of both the lender and the borrower. One of the main components of the North Dakota Personal Loan Agreement Document Package is the Promissory Note. This document outlines the amount of the loan, the interest rate, repayment terms, and any penalties for late payments or default. It serves as evidence of the borrower's promise to repay the loan within the agreed-upon terms. In addition to the Promissory Note, the package also includes a Loan Agreement. This document provides a more detailed description of the terms and conditions of the loan, including any collateral provided by the borrower, if applicable. It also includes provisions for late fees, prepayment penalties, and the consequences of default. To ensure the enforceability of the loan agreement, the package also includes a Personal Guarantee form. This document is often required when the borrower's creditworthiness is in question. It allows a third party, typically a co-signer, to guarantee the repayment of the loan in the event that the borrower defaults. The North Dakota Personal Loan Agreement Document Package may also include additional supportive documents such as a Collateral Agreement or a Security Agreement, depending on the specifics of the loan. These documents establish the rights and obligations of the lender in relation to any collateral provided by the borrower to secure the loan. Overall, the North Dakota Personal Loan Agreement Document Package offers an extensive collection of legal forms and agreements needed to properly establish and regulate personal loans in North Dakota. Different variations or specific versions of this package might exist to cater to various loan-specific requirements or legal frameworks.
