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 Wisconsin Personal Loan Agreement Document Package is a comprehensive set of legal documents that outline the terms and conditions of a personal loan in the state of Wisconsin. This package is essential for borrowers and lenders to have a clear understanding of their rights and responsibilities in the loan transaction. The Wisconsin Personal Loan Agreement Document Package comprises several key documents, which may include: 1. Personal Loan Agreement: This document serves as the primary contract between the borrower and lender. It outlines the loan amount, interest rate, payment schedule, and any other specific terms agreed upon by both parties. It also includes provisions regarding late payments, default, and remedies in case of non-compliance. 2. Promissory Note: The promissory note is a legally binding document that evidences the borrower's promise to repay the loan. It includes details such as the loan amount, interest rate, repayment terms, and consequences of default. This document is signed by the borrower and serves as evidence of the debt owed. 3. Guarantor Agreement: In cases where a cosigner or guarantor is involved in the loan, a separate document called the Guarantor Agreement may be included. This agreement outlines the responsibilities and obligations of the guarantor in case the borrower fails to repay the loan. It protects the lender's interests by providing additional security for loan repayment. 4. Disclosure Statements: Wisconsin law requires lenders to provide certain disclosures to borrowers regarding the loan terms, interest rates, fees, and other relevant information. These documents ensure that borrowers are fully aware of the costs and risks associated with the loan. 5. Security Agreement: If the loan is secured by collateral, such as a vehicle or real estate, a Security Agreement may be part of the document package. This agreement establishes the rights and obligations of both the borrower and lender regarding the pledged property, including provisions for repossession or foreclosure in case of default. It's important to note that these documents may vary depending on the specific requirements and preferences of the parties involved. Some lenders or borrowers may also choose to include additional provisions or clauses in the agreements to accommodate special circumstances. In conclusion, the Wisconsin Personal Loan Agreement Document Package encompasses a range of legal documents necessary to formalize a personal loan in Wisconsin. These documents protect both the borrower and lender by clearly defining the terms of the loan and ensuring compliance with the state's laws and regulations.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 Wisconsin Personal Loan Agreement Document Package is a comprehensive set of legal documents that outline the terms and conditions of a personal loan in the state of Wisconsin. This package is essential for borrowers and lenders to have a clear understanding of their rights and responsibilities in the loan transaction. The Wisconsin Personal Loan Agreement Document Package comprises several key documents, which may include: 1. Personal Loan Agreement: This document serves as the primary contract between the borrower and lender. It outlines the loan amount, interest rate, payment schedule, and any other specific terms agreed upon by both parties. It also includes provisions regarding late payments, default, and remedies in case of non-compliance. 2. Promissory Note: The promissory note is a legally binding document that evidences the borrower's promise to repay the loan. It includes details such as the loan amount, interest rate, repayment terms, and consequences of default. This document is signed by the borrower and serves as evidence of the debt owed. 3. Guarantor Agreement: In cases where a cosigner or guarantor is involved in the loan, a separate document called the Guarantor Agreement may be included. This agreement outlines the responsibilities and obligations of the guarantor in case the borrower fails to repay the loan. It protects the lender's interests by providing additional security for loan repayment. 4. Disclosure Statements: Wisconsin law requires lenders to provide certain disclosures to borrowers regarding the loan terms, interest rates, fees, and other relevant information. These documents ensure that borrowers are fully aware of the costs and risks associated with the loan. 5. Security Agreement: If the loan is secured by collateral, such as a vehicle or real estate, a Security Agreement may be part of the document package. This agreement establishes the rights and obligations of both the borrower and lender regarding the pledged property, including provisions for repossession or foreclosure in case of default. It's important to note that these documents may vary depending on the specific requirements and preferences of the parties involved. Some lenders or borrowers may also choose to include additional provisions or clauses in the agreements to accommodate special circumstances. In conclusion, the Wisconsin Personal Loan Agreement Document Package encompasses a range of legal documents necessary to formalize a personal loan in Wisconsin. These documents protect both the borrower and lender by clearly defining the terms of the loan and ensuring compliance with the state's laws and regulations.
