Title Loan Agreement Form

Relying solely on a verbal promise is often a recipe for a person who gets the short end of the stick. When repayment terms are complex, a written agreement allows both parties to clearly specify the terms of payment in instalments and the exact amount of interest due. If a party does not fulfill its part of the agreement, this written agreement has the added benefit of having recalled the understanding that both parties have consequences. A loan is not legally binding without signatures from both the borrower and the lender. For additional protection for both parties, it is strongly recommended to have two witnesses signed and to be present at the time of signing. The debtor agrees to make available to the secured party all right and ownership of the following immovable property as security for the debt guarantee referred to in the “debt” section of this Agreement: the borrower should read the entire agreement. The borrower is responsible for understanding what is being read…

Fotos: Kathrin Leisch
Impressum | AGB