Sample Loan Agreement: (Innovative Changes)Loan Agreement • May 15th, 2019
Contract Type FiledMay 15th, 2019BORROWER 1 BORROWER 2 NAME AND ADDRESS NAME (AND ADDRESS IF DIFFERENT FROM BORROWER) TRUTH IN LENDING ACT DISCLOSURE ANNUAL PERCENTAGERATE(The cost of your credit as a yearly rate.) % FINANCE CHARGE(The dollar amount the credit will cost you.) $ Amount Financed(The amount of credit provided to you or on your behalf.) $ Total of Payments (Theamount you will have paid after you have made all payments as scheduled.) $ 0.00 Your Payment Schedule Will Be: Prepayment: If you pay # of Payments Amount of Payments When Payments are Due off early you will not $ Monthly Beginning have to pay a penalty. 1 2 Payment in any 3 amount may be 4 See Attached Payment Schedule made in advance at 56 any time. 7 8 9 10 11 12 Late Charge: If you are Ten (10) or more days late in making a payment, you will be charged a late fee of Five Dollars ($5) or 5% of the unpaid amount of the installment due, whichever is less. Security: You grant IC$ a security interest in $ to be held in a deposit acc