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 Travis Texas Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to outline the terms and conditions of a personal loan agreement. These documents are specifically tailored to meet the requirements and regulations in Travis County, Texas. Each Personal Loan Agreement Document Package includes the following essential forms: 1. Loan Agreement: This document serves as the core of the agreement, outlining the loan amount, interest rate, repayment terms, and any collateral or security provided by the borrower. It also includes clauses on late payment penalties, prepayment conditions, and default remedies. 2. Promissory Note: A promissory note is a written promise from the borrower to repay the loan according to specific terms. It includes details such as the loan amount, interest rate, repayment schedule, and signatures of both parties. 3. Personal Guaranty: In some cases, a personal guaranty form is included in the package, which is executed by a third party (typically a co-signer) who agrees to be responsible for repaying the loan if the borrower defaults. 4. Security Agreement: This document outlines the collateral provided by the borrower to secure the loan, such as personal property, real estate, or vehicles. It specifies the rights and obligations of both parties regarding the pledged assets. 5. Disclosure Statement: The package includes a disclosure statement, which provides important information about the loan, such as the annual percentage rate (APR), total amount financed, total interest charges, and any additional fees associated with the loan. The Travis Texas Personal Loan Agreement Document Package is specifically designed to cater to different types of personal loans, including: 1. Fixed-rate Personal Loan Agreement: This type of loan agreement offers a fixed interest rate throughout the loan's term, providing borrowers with predictable monthly payments. 2. Variable-rate Personal Loan Agreement: Unlike fixed-rate loans, variable-rate personal loan agreements have an interest rate that can change over time. This variation is typically tied to an underlying index or benchmark. 3. Secured Personal Loan Agreement: This agreement involves the pledging of collateral by the borrower as security for the loan. This collateral helps mitigate the lender's risk and typically results in more favorable loan terms. 4. Unsecured Personal Loan Agreement: In contrast to a secured personal loan, this agreement does not require any collateral from the borrower. However, it might come with slightly higher interest rates and stricter qualification criteria. By utilizing the Travis Texas Personal Loan Agreement Document Package, borrowers can ensure that their personal loan agreements are comprehensive, legally binding, and compliant with the specific regulations in Travis County, Texas.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 Travis Texas Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to outline the terms and conditions of a personal loan agreement. These documents are specifically tailored to meet the requirements and regulations in Travis County, Texas. Each Personal Loan Agreement Document Package includes the following essential forms: 1. Loan Agreement: This document serves as the core of the agreement, outlining the loan amount, interest rate, repayment terms, and any collateral or security provided by the borrower. It also includes clauses on late payment penalties, prepayment conditions, and default remedies. 2. Promissory Note: A promissory note is a written promise from the borrower to repay the loan according to specific terms. It includes details such as the loan amount, interest rate, repayment schedule, and signatures of both parties. 3. Personal Guaranty: In some cases, a personal guaranty form is included in the package, which is executed by a third party (typically a co-signer) who agrees to be responsible for repaying the loan if the borrower defaults. 4. Security Agreement: This document outlines the collateral provided by the borrower to secure the loan, such as personal property, real estate, or vehicles. It specifies the rights and obligations of both parties regarding the pledged assets. 5. Disclosure Statement: The package includes a disclosure statement, which provides important information about the loan, such as the annual percentage rate (APR), total amount financed, total interest charges, and any additional fees associated with the loan. The Travis Texas Personal Loan Agreement Document Package is specifically designed to cater to different types of personal loans, including: 1. Fixed-rate Personal Loan Agreement: This type of loan agreement offers a fixed interest rate throughout the loan's term, providing borrowers with predictable monthly payments. 2. Variable-rate Personal Loan Agreement: Unlike fixed-rate loans, variable-rate personal loan agreements have an interest rate that can change over time. This variation is typically tied to an underlying index or benchmark. 3. Secured Personal Loan Agreement: This agreement involves the pledging of collateral by the borrower as security for the loan. This collateral helps mitigate the lender's risk and typically results in more favorable loan terms. 4. Unsecured Personal Loan Agreement: In contrast to a secured personal loan, this agreement does not require any collateral from the borrower. However, it might come with slightly higher interest rates and stricter qualification criteria. By utilizing the Travis Texas Personal Loan Agreement Document Package, borrowers can ensure that their personal loan agreements are comprehensive, legally binding, and compliant with the specific regulations in Travis County, Texas.
