Loan Request Document Tips

When drafting a loan request document in California, it's important to consider a few key legal aspects:
- Interest Rates: Ensure the interest rate complies with California usury laws.
- Repayment Terms: Clearly define repayment terms including schedule and penalties for late payment.
- Security or Collateral: Specify if any collateral is required for the loan.
Is there any specific aspect you'd like more detailed information on?

Here's a refined draft for your loan request document:
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Document * – LOAN REQUEST
Date: ___ / ___ / 20___
From:
User B (Borrower)
Address: __________________________
To:
User A (Lender)
Address: __________________________
Subject: Request for Financial Assistance
Dear [User A],
I am writing to formally request a financial loan in the amount of $__________. This loan will be used to cover personal expenses [or specify purpose]. I request that the funds, if approved, may be transferred to me directly or to my authorized recipient, User C (my fiancée), who is authorized to receive the funds on my behalf.
Loan Terms:
- Interest Rate: Complies with California usury laws.
- Repayment Terms: [Clearly define the repayment schedule and any penalties for late payment]
- Security or Collateral: [Specify if any collateral is required]
I understand that this is a loan and that I am fully responsible for repayment according to mutually agreed terms. I am committed to timely repayment and any terms you may set.
Please consider this request, and let me know your decision and any repayment schedule you deem appropriate.
Sincerely,
User B (Borrower)
Date: ________
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Feel free to customize any part of this draft to better suit your needs or to add any additional details required. If you need more information on any legal aspect related to loans in California, just let me know!