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Document Id : 5261
File Type : Microsoft Word
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USA Installment Note with Confession of Judgment
USA lenders, secure repayment of a loan with this Installment Promissory Note and Confession of Judgment form, which allows the borrower to repay the debt in regular installments.
- In the event that the borrower defaults in payment, the borrower authorizes any attorney or official of the court to enter judgment by confession against the borrower.
- The Note contains an acceleration clause, so that if the borrower defaults in a payment under the Note, the entire balance together with interest becomes immediately due and payable.
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