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 West Virginia Personal Loan Agreement Document Package is a comprehensive collection of legal forms and documents specifically tailored for individuals residing in or lending money within the state of West Virginia. This package includes all the necessary paperwork needed to enter into a personal loan agreement in compliance with West Virginia laws. The Personal Loan Agreement Document Package consists of various key forms essential for both borrowers and lenders. These forms include: 1. Personal Loan Agreement: This document outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, and any applicable fees or penalties. 2. Promissory Note: A promissory note is a legally binding document that details the borrower's promise to repay the loan. It includes the loan amount, repayment terms, interest rate, and consequences of default. 3. West Virginia Loan Disclosure Statement: This form is a mandatory requirement under West Virginia law. It provides borrowers with a clear and concise summary of the loan terms, including the total amount financed, annual percentage rate (APR), and the total amount to be repaid. 4. Security Agreement: If the loan is secured by collateral, such as a vehicle or property, a security agreement is included to outline the terms regarding the collateral and its repossession in case of default. 5. West Virginia Installment Loan Agreement Addendum: This addendum is used for installment loans, which allow borrowers to repay the loan in multiple scheduled payments. It includes details regarding the installment amounts, due dates, and any applicable late fees. 6. West Virginia Guaranty Agreement: This agreement is used when a third party agrees to become a guarantor for the borrower, promising to fulfill the loan obligation if the borrower defaults. 7. West Virginia Loan Amendment: In case any changes or modifications need to be made to the original loan agreement, this form allows both parties to record and document the agreed-upon amendments. By utilizing the West Virginia Personal Loan Agreement Document Package, borrowers and lenders can ensure their loan arrangements are properly documented, legally binding, and compliant with the specific requirements of West Virginia state law. Different types of West Virginia Personal Loan Agreement Document Packages may exist depending on the specific loan purposes or characteristics. These may include, but are not limited to: 1. West Virginia Personal Auto Loan Agreement Document Package: Specifically designed for individuals looking to borrow money to finance the purchase of a vehicle, this package includes additional forms related to vehicle registration, insurance, and collateral verification. 2. West Virginia Personal Mortgage Loan Agreement Document Package: Tailored for individuals seeking a loan for residential or commercial property purchases, this package includes specialized forms concerning property appraisals, title searches, and mortgage insurance. 3. West Virginia Personal Student Loan Agreement Document Package: Geared towards students or their parents seeking financial assistance for educational purposes, this package includes forms unique to student loans, including deferment options, loan forgiveness programs, and disclosure statements specific to educational loans. It is important to select the appropriate West Virginia Personal Loan Agreement Document Package based on the specific loan type to ensure all relevant legal requirements are met and the loan agreement accurately reflects the transaction.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 West Virginia Personal Loan Agreement Document Package is a comprehensive collection of legal forms and documents specifically tailored for individuals residing in or lending money within the state of West Virginia. This package includes all the necessary paperwork needed to enter into a personal loan agreement in compliance with West Virginia laws. The Personal Loan Agreement Document Package consists of various key forms essential for both borrowers and lenders. These forms include: 1. Personal Loan Agreement: This document outlines the terms and conditions of the loan, including the loan amount, interest rate, repayment schedule, and any applicable fees or penalties. 2. Promissory Note: A promissory note is a legally binding document that details the borrower's promise to repay the loan. It includes the loan amount, repayment terms, interest rate, and consequences of default. 3. West Virginia Loan Disclosure Statement: This form is a mandatory requirement under West Virginia law. It provides borrowers with a clear and concise summary of the loan terms, including the total amount financed, annual percentage rate (APR), and the total amount to be repaid. 4. Security Agreement: If the loan is secured by collateral, such as a vehicle or property, a security agreement is included to outline the terms regarding the collateral and its repossession in case of default. 5. West Virginia Installment Loan Agreement Addendum: This addendum is used for installment loans, which allow borrowers to repay the loan in multiple scheduled payments. It includes details regarding the installment amounts, due dates, and any applicable late fees. 6. West Virginia Guaranty Agreement: This agreement is used when a third party agrees to become a guarantor for the borrower, promising to fulfill the loan obligation if the borrower defaults. 7. West Virginia Loan Amendment: In case any changes or modifications need to be made to the original loan agreement, this form allows both parties to record and document the agreed-upon amendments. By utilizing the West Virginia Personal Loan Agreement Document Package, borrowers and lenders can ensure their loan arrangements are properly documented, legally binding, and compliant with the specific requirements of West Virginia state law. Different types of West Virginia Personal Loan Agreement Document Packages may exist depending on the specific loan purposes or characteristics. These may include, but are not limited to: 1. West Virginia Personal Auto Loan Agreement Document Package: Specifically designed for individuals looking to borrow money to finance the purchase of a vehicle, this package includes additional forms related to vehicle registration, insurance, and collateral verification. 2. West Virginia Personal Mortgage Loan Agreement Document Package: Tailored for individuals seeking a loan for residential or commercial property purchases, this package includes specialized forms concerning property appraisals, title searches, and mortgage insurance. 3. West Virginia Personal Student Loan Agreement Document Package: Geared towards students or their parents seeking financial assistance for educational purposes, this package includes forms unique to student loans, including deferment options, loan forgiveness programs, and disclosure statements specific to educational loans. It is important to select the appropriate West Virginia Personal Loan Agreement Document Package based on the specific loan type to ensure all relevant legal requirements are met and the loan agreement accurately reflects the transaction.
