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:
Los Angeles California Personal Loan Agreement Document Package is a comprehensive collection of legal documents designed to facilitate a personal loan agreement between a lender and borrower residing in Los Angeles, California. This package includes a series of documents that outline the terms and conditions, responsibilities, and rights of both parties involved in the loan transaction. 1. Personal Loan Agreement: This document serves as the core of the package, outlining the specific terms of the loan such as the loan amount, interest rate, repayment schedule, late payment penalties, and any collateral provided. 2. Promissory Note: This document establishes the borrower's promise to repay the loan in full along with the agreed-upon interest rate, repayment schedule, and consequences in the event of default. 3. Loan Amendment: In case there is a need to modify or amend any terms of the loan agreement, this document enables both parties to make formal changes to the original agreement. 4. Guarantee Agreement: If a third party or co-signer guarantees the loan repayment, this document outlines their responsibility in case the borrower defaults. 5. Security Agreement: When the loan is secured by collateral, such as real estate, vehicles, or valuable assets, this document outlines the rights and duties of both parties regarding the collateral. 6. Disclosure Statement: This document contains detailed information about the loan, including the annual percentage rate (APR), total finance charges, payment due dates, and any other potential fees or charges applicable to the loan. 7. Borrower Application: This form collects important personal and financial information about the borrower, such as employment details, income, assets, liabilities, and credit history. 8. Lender's Consent: In instances where the lender intends to transfer the loan to another party or institution, this document provides formal consent from the lender. Different types of Los Angeles California Personal Loan Agreement Document Packages may include specific variations or additional forms, depending on the circumstances of the loan and the preferences of the parties involved. These variations or additions may address specific requirements or legal frameworks related to personal loans, such as payday loans, student loans, or loans involving specific industries or sectors, while still adhering to the relevant laws and regulations in California.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.
Los Angeles California Personal Loan Agreement Document Package is a comprehensive collection of legal documents designed to facilitate a personal loan agreement between a lender and borrower residing in Los Angeles, California. This package includes a series of documents that outline the terms and conditions, responsibilities, and rights of both parties involved in the loan transaction. 1. Personal Loan Agreement: This document serves as the core of the package, outlining the specific terms of the loan such as the loan amount, interest rate, repayment schedule, late payment penalties, and any collateral provided. 2. Promissory Note: This document establishes the borrower's promise to repay the loan in full along with the agreed-upon interest rate, repayment schedule, and consequences in the event of default. 3. Loan Amendment: In case there is a need to modify or amend any terms of the loan agreement, this document enables both parties to make formal changes to the original agreement. 4. Guarantee Agreement: If a third party or co-signer guarantees the loan repayment, this document outlines their responsibility in case the borrower defaults. 5. Security Agreement: When the loan is secured by collateral, such as real estate, vehicles, or valuable assets, this document outlines the rights and duties of both parties regarding the collateral. 6. Disclosure Statement: This document contains detailed information about the loan, including the annual percentage rate (APR), total finance charges, payment due dates, and any other potential fees or charges applicable to the loan. 7. Borrower Application: This form collects important personal and financial information about the borrower, such as employment details, income, assets, liabilities, and credit history. 8. Lender's Consent: In instances where the lender intends to transfer the loan to another party or institution, this document provides formal consent from the lender. Different types of Los Angeles California Personal Loan Agreement Document Packages may include specific variations or additional forms, depending on the circumstances of the loan and the preferences of the parties involved. These variations or additions may address specific requirements or legal frameworks related to personal loans, such as payday loans, student loans, or loans involving specific industries or sectors, while still adhering to the relevant laws and regulations in California.
