Receipt for Collateral for use in all states. This receipt for collateral will indicate that: - The secured party has obtained the collateral and will hold it as security until the loan is repaid.
- If the borrower defaults on the obligation, the property may be disposed of to satisfy the obligation.
- The borrower will pay any costs and expenses relating to holding the property.
- The secured party does not acknowledge the value or condition of the property offered as collateral.
This attorney-prepared packet contains: - Information on Receipts for Collateral
- Receipt for Collateral form
State Law Compliance: This form complies with the laws of District of Columbia You may also be interested in our Promissory Notes and Security Agreements$11.99 Click To Buy |