Installment Note with Confession of Judgment | USA

This Installment Promissory Note form is for a loan that is backed by collateral belonging to the borrower.

• The template is for use in Canada only.
• The principal and interest will be repaid by a series of regular fixed (non-variable) installment payments.
• The borrower has the option to prepay the Note, but the lender will charge a prepayment premium (fee) if the loan is paid out before the due date.
• If the borrower defaults in making a payment or becomes bankrupt or insolvent, the entire balance together with interest becomes immediately due and payable.
• If the borrower defaults, the lender has the right to sell the collateral privately or through public auction.

To download the Canada Installment Note with Prepayment Fee, put it in your shopping cart and go through the checkout. You'll be automatically taken to the download page where you can download the form.

Prepare a Notice of Default on Note and Demand for Payment with this easy-to-use form.

• The Notice of Default is given by a creditor who holds a promissory note, to a debtor who has defaulted on an installment payment under the note.
• The creditor demands that the debtor immediately pay the outstanding amount owing on the note.
• Buy the form, download, fill in the blanks, print - use it as often as you like.
• This Notice of Default on Note and Demand for Payment form is a generic template (not country-specific) and is fully editable.

Overview

If you are considering loaning money to either an individual or a company, it is important to protect your financial interest. This USA Promissory Note and Guarantee provides a formal method to secure your loan, ensuring that both the repayment terms and additional guarantees are clearly outlined.

Repayment Terms

Under the terms of this Note, the borrower commits to repaying the secured amount through monthly payments. It is important to note that these payments may not necessarily be equal in amount each month, allowing for potential flexibility in the repayment structure.

Guarantee of Payment

To further secure the lender's position, the Note includes a guarantee of payment. If the borrower fails to make the required payments when they become due, a guarantor will step in to fulfil the payment obligations. The guarantor agrees to ensure that the creditor receives a monthly instalment payment, which is calculated as a specified percentage of the guarantor's net revenue.

Additional Information

• This document is available in Microsoft Word format for ease of use and editing.
• It is intended solely for use within the United States.