When lending money, be sure to draw up an IOU written by the borrower's hand, or even better, a notary agreement. Although the receipt has the same legal effect. Invite two witnesses who will put their details and signatures on the fact of the loan. The interest at which you lend money in the receipt does not need to be indicated. This column is not considered in non-repayment proceedings. Include the amount of interest in the total amount of the debt.
Instructions
Step 1
The receipt for the loan of money must be written by the borrower's hand, and not printed on printers. Only a handwritten receipt is legally binding when submitting an application to the court. The receipt must contain all the details of the borrower, his home address, the amount of debt, which includes interest. The amount must be indicated in figures and words and in the currency that was present at the time of the loan. In all blank spaces of the receipt, put a dash in the form of Z. Indicate the date of repayment of the debt.
Step 2
Write down all your details and details of witnesses. Sign and date the receipt.
Step 3
If the money is not returned to you, go to court with a statement with an IOU and witnesses.
Step 4
Contacting any other body or structure is illegal and punishable by law. Moreover, in no case use threats if the debt is not repaid. Act only in legal ways.
Step 5
Often it is enough to talk to the person and give him extra time to pay back the debt.
