Боргова розписка

Relevance of the IOU

A debt receipt as a document is intended to certify the fact of the transfer of funds from one person to another under the terms of a loan agreement.

IOU is perhaps the most common transaction that exists among the population, because it allows you to testify to the transfer of money from the lender to the borrower. In turn, any individuals and legal entities can be lenders and borrowers.

The main difference between the loan agreement in this case lies precisely in the ability to conclude an agreement with a full range of individuals and legal entities, regardless of the party to the agreement. While the loan agreement necessarily defines lenders as banking or other financial institutions.

If it is necessary to draw up an individual promissory note, we recommend using the legal services of the Consultant to order a turnkey document.

When is an IOU required?

A debt receipt is a document that can only in a certain way testify to the very fact of the transfer of funds under a loan agreement. As an independent document, IOU is not quoted. Judicial practice defines a receipt as an important condition for collecting debt under a loan agreement.

This nature of the document is determined by the fact that the loan agreement regulates between the parties their rights, obligations, the procedure for payments, the procedure for resolving disputes in pre-trial order. The loan agreement does not record the very fact of the transfer of funds, which means that it requires an additional document for this.

In turn, despite the arbitrary form of an IOU, many people make mistakes when compiling it, which is why they face subsequent troubles when returning funds, etc.

Basic details of an IOU

In order for your IOU to qualitatively reduce the risks associated with the payment of funds, we recommend that you indicate the following:

Date of issue of the promissory note;

Place of drawing up the debt receipt;

PIP of the borrower, his passport data, address of residence and place of registration;

PIP of the lender, his passport data, address of residence and place of registration;

Debt amount (specific amount, currency of the loan, indicate in numbers and words);

Date of repayment of the debt;

PIP of at least two witnesses, their passport details, place of registration and place of residence, their signatures.

They often make mistakes, believing that the signatures of witnesses are not required, and their number may be less than two.

Such a document will be useful to the debtor as soon as he fully or partially repays the debt, which he can ask for the same receipt from the lender, in order to avoid further unreasonable disputes.

If it is necessary to analyze an application for granting a period for reconciliation of a married couple or the development of an individual document, we suggest using our legal services service Consultant. Our experts will be able to best assist in the preparation of the document, and if necessary, create a completely new one in accordance with your situation.

IOU template

The best lawyers in the field of debt obligations are already ready to provide the appropriate advice! We offer high quality services with comfortable service.

Buying a sample IOU just got a whole lot easier! You can upload a document in a few simple steps:

Download the mobile application "Consultant";

After a short registration, you can find the required document in the "Documents" section;

By clicking the "Buy Template" button, you will immediately receive a link to download the document.

Our team cares about each client, so in case of problems, we will promptly help in resolving your issue!