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Notarize every personal loan?!!
#11
But for $25,000, I'd probably have a legal contract drawn up.

Or arrange for a third-party to draw it up and administer a payment schedule. For awhile the local new/traffic/weather radio stations here were running ads for company that provided just such a service. I haven't heard those ads for quite awhile now.


For $500, if I felt the potential need for legal documentation, I'd never loan the money in the first place. *I* would think if it as a gift, and if it was repaid, that would be a plus.



I've never had a company notarize a loan agreement when I signed it. Maybe that's just Ohio.

That may be because a company is part of the transaction. A credit card account is a loan, and you're legally obligated to pay back what you "borrow" without the action of a notary.

In the case of a personal loan between private parties, an "outside" witness is a good idea, if not just a legal requirement.
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Messages In This Thread
Notarize every personal loan?!! - by kap - 05-15-2014, 05:59 PM
Re: Notarize every personal loan?!! - by Robert M - 05-15-2014, 06:07 PM
Re: Notarize every personal loan?!! - by C(-)ris - 05-15-2014, 06:12 PM
Re: Notarize every personal loan?!! - by cbelt3 - 05-15-2014, 06:12 PM
Re: Notarize every personal loan?!! - by JoeH - 05-15-2014, 06:12 PM
Re: Notarize every personal loan?!! - by Speedy - 05-15-2014, 06:18 PM
Re: Notarize every personal loan?!! - by kap - 05-15-2014, 06:33 PM
Re: Notarize every personal loan?!! - by Paul F. - 05-15-2014, 06:34 PM
Re: Notarize every personal loan?!! - by Racer X - 05-15-2014, 06:35 PM
No, not every loan. - by RAMd®d - 05-15-2014, 06:53 PM
Re: Notarize every personal loan?!! - by cbelt3 - 05-15-2014, 08:34 PM
Re: Notarize every personal loan?!! - by testcase - 05-15-2014, 08:47 PM
Re: Notarize every personal loan?!! - by JoeH - 05-15-2014, 11:11 PM
Re: Notarize every personal loan?!! - by kap - 05-15-2014, 11:36 PM

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