Legal Forms
IOU / Simple Loan Acknowledgment
1. Acknowledgment of Debt
I, ("Borrower"), acknowledge that on , 20 I received the sum of $ from ("Lender"), which I owe and promise to repay.
2. Debt Summary
Amount Owed ($)
Date Received
Repay By
3. Repayment
I agree to repay the full amount owed on or before , 20. If not repaid by that date, interest of % per year will apply to the outstanding balance.
4. Additional Terms
Notes / Additional Provisions
Confidential ยท Legal FormsIOU / Simple Loan Acknowledgment