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Preview - California Loan Agreement Form
California Loan Agreement
This Loan Agreement is made and entered into on the ___ day of __________, 20___ by and between:
Borrower: ______________________________________________________
Address: ______________________________________________________
City, State, Zip: ______________________________________________
Lender: ________________________________________________________
Address: ______________________________________________________
City, State, Zip: ______________________________________________
This Loan Agreement is governed by the laws of the State of California. The parties agree to the following terms and conditions:
- Loan Amount: The Lender agrees to loan the Borrower the sum of $________________, which the Borrower acknowledges receiving.
- Interest Rate: The loan will bear interest at a rate of _____% per annum.
- Repayment Terms: The Borrower agrees to repay the Loan according to the following schedule:
- Start Date: ________________
- Payment Amount: $____________
- Payment Frequency: __________________ (e.g., weekly, monthly)
- Late Fees: Should the Borrower fail to make a payment by the due date, a late fee of $_______________ will be assessed.
- Prepayment: The Borrower may prepay this loan without penalty.
- Default: If the Borrower defaults under this Agreement, the Lender has the right to pursue all available legal remedies.
- Governing Law: This Agreement will be construed under the laws of the State of California.
This Agreement represents the entire understanding between the parties. Any changes to this Agreement must be in writing and signed by both parties.
Signatures:
_____________________________
(Borrower's Signature)
_____________________________
(Lender's Signature)
Date: _______________
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Similar forms
- Promissory Note: This document outlines a borrower's promise to repay a specified amount of money to a lender. Like a loan agreement, it includes terms such as the interest rate and repayment schedule.
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A Mobile Home Bill of Sale is crucial for legally documenting the sale of a mobile home, as it protects both buyer and seller. For more details, refer to Auto Bill of Sale Forms.
- Mortgage Agreement: Similar to a loan agreement, a mortgage agreement secures a loan with real property. It details the borrower's obligations and the lender's rights in case of default.
- Security Agreement: This document specifies collateral that secures a loan. It is akin to a loan agreement in that it defines the terms of the loan and the consequences of default.
- Credit Agreement: A credit agreement governs the terms under which a borrower can access credit. It shares similarities with a loan agreement, particularly in outlining repayment terms and conditions.
- Lease Agreement: While primarily used for rental arrangements, a lease agreement can resemble a loan agreement in its structure and the obligation to make regular payments over time.