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http://www.medlawplus.com/legalforms/instruct/sample-loanagree.pdf

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DEMAND NOTE​


Date: ________

On demand, the undersigned, for value received, jointly and severally promises to pay to the order of _____________________________ [insert name of lender] the sum of _____________________________________________ dollars ($________.00) together with interest thereon from the date hereof until paid at the rate of _______% per annum.

In the event this note is not paid when due, the undersigned shall pay all attorney’s fees and reasonable costs of collection.

NOTICE TO BORROWER: THIS IS A DEMAND NOTE AND SO MAY BE COLLECTED BY THE LENDER AT ANY TIME. A NEW NOTE MUTUALLY AGREED UPON AND SUBSEQUENTLY ISSUED MAY CARRY A HIGHER OR LOWER RATE OF INTEREST.


______________________________________
[Maker’s signature]

______________________________________
[Maker’s typed or printed name]


NOTICE TO CO-SIGNER: YOUR SIGNATURE ON THIS NOTE MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU.


______________________________________
[Co-signer’s signature]

______________________________________
[Co-signer’s typed or printed name]



Witnessed:


______________________________________
[Witness’s signature]

______________________________________
[Witness’s typed or printed name]
 
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