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:
Wake North Carolina Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to establish an enforceable agreement between a lender and a borrower in Wake County, North Carolina. The agreement outlines the terms and conditions of a personal loan, ensuring both parties are protected and aware of their responsibilities. The Wake North Carolina Personal Loan Agreement Document Package includes various essential documents to facilitate a smooth loan process. These documents may include: 1. Promissory Note: This document outlines the terms of the loan, including the principal amount, interest rate, repayment schedule, and any additional charges or fees. Both parties sign the promissory note to acknowledge their understanding and acceptance of these terms. 2. Loan Agreement: The loan agreement provides a more detailed explanation of the terms and conditions discussed in the promissory note. It covers specifics such as the purpose of the loan, late payment penalties, prepayment options, and any collateral involved. 3. Disclosure Statement: This document ensures transparency by disclosing all relevant information about the loan, including the annual percentage rate (APR), finance charges, and total repayment amount. This helps borrowers make informed decisions about the loan they are entering into. 4. Security Agreement: If the personal loan is secured by collateral, such as a vehicle or property, a security agreement will be included. It outlines the details of the collateral, the rights and responsibilities of both parties concerning the collateral, and the procedures in case of default. 5. UCC-1 Financing Statement: In cases where collateral is involved, lenders may file a UCC-1 Financing Statement to provide public notice of their security interest in the borrower's collateral. This document is filed with the North Carolina Secretary of State's office. It's important to note that the Wake North Carolina Personal Loan Agreement Document Package may have different variations or names depending on the specific lender or financial institution providing the loan. Names such as "Wake County Personal Loan Agreement Package" or "North Carolina Personal Loan Document Bundle" might be used interchangeably. Overall, the Wake North Carolina Personal Loan Agreement Document Package is a comprehensive collection of legal documents that protect the interests of both lenders and borrowers when entering into a personal loan agreement in Wake County, North Carolina.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.
Wake North Carolina Personal Loan Agreement Document Package is a comprehensive set of legal documents designed to establish an enforceable agreement between a lender and a borrower in Wake County, North Carolina. The agreement outlines the terms and conditions of a personal loan, ensuring both parties are protected and aware of their responsibilities. The Wake North Carolina Personal Loan Agreement Document Package includes various essential documents to facilitate a smooth loan process. These documents may include: 1. Promissory Note: This document outlines the terms of the loan, including the principal amount, interest rate, repayment schedule, and any additional charges or fees. Both parties sign the promissory note to acknowledge their understanding and acceptance of these terms. 2. Loan Agreement: The loan agreement provides a more detailed explanation of the terms and conditions discussed in the promissory note. It covers specifics such as the purpose of the loan, late payment penalties, prepayment options, and any collateral involved. 3. Disclosure Statement: This document ensures transparency by disclosing all relevant information about the loan, including the annual percentage rate (APR), finance charges, and total repayment amount. This helps borrowers make informed decisions about the loan they are entering into. 4. Security Agreement: If the personal loan is secured by collateral, such as a vehicle or property, a security agreement will be included. It outlines the details of the collateral, the rights and responsibilities of both parties concerning the collateral, and the procedures in case of default. 5. UCC-1 Financing Statement: In cases where collateral is involved, lenders may file a UCC-1 Financing Statement to provide public notice of their security interest in the borrower's collateral. This document is filed with the North Carolina Secretary of State's office. It's important to note that the Wake North Carolina Personal Loan Agreement Document Package may have different variations or names depending on the specific lender or financial institution providing the loan. Names such as "Wake County Personal Loan Agreement Package" or "North Carolina Personal Loan Document Bundle" might be used interchangeably. Overall, the Wake North Carolina Personal Loan Agreement Document Package is a comprehensive collection of legal documents that protect the interests of both lenders and borrowers when entering into a personal loan agreement in Wake County, North Carolina.
