Situations in which some amount of money is urgently needed happen to everyone. You don't have to resort to bank loans or go to a pawnshop or microfinance company.

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A loan agreement or a receipt between individuals in 2019 is considered completely legal for citizens of the Russian Federation.

But when using these methods of obtaining a loan, you should know some of the nuances. They will save you from mistakes and scammers.

What you need to know

It will indicate the direct transfer of funds. Such a document is a guarantee for both the borrower and the lender. Indeed, in the event of litigation, the receipt will be attached to the case.

Basic concepts

For what purpose is created

When making a loan transaction, one of the mandatory points is the drawing up of an agreement. What is it for? This document is the best way to regulate the relationship between the one who issued it and those who are obliged to repay it. A loan agreement is possible.

The contract indicates the following points:

• the total cost of the loan - including commissions and interest rates for the entire crediting period;
• interest rates and penalties for late payments;
• the schedule for making amounts for and the size of payments;
• the need to provide collateral.

All these points help to more clearly and structured prescribe the terms of the loan, so that there are no misunderstandings. The receipt can exist as a separate document and as an annex to the agreement.

In any case, it is filled out for the following reasons:

1. To regulate the moment and the fact of the transfer of the subject of the loan.
2. In case of need for litigation, this document will play an important role.
3. Control the spending of funds - by indicating in the receipt the purpose for which the money is being issued.

In each of these options, the receipt will be an additional document that controls both the borrower and the lender. Therefore, in most cases, it is recommended not to neglect the preparation of this document. A sample IOU is available.

Applicable standards

One of the main legislative acts that governs the drafting and filling of the loan agreement is. It should be understood that this law does not apply to loans for non-consumer purposes.

Directly about the receipt is stated in. Clause 2 provides for the possibility of using such a document as an annex to the loan agreement.

The mirrored position is contained in. It states that both the borrower and the lender, at the first request of the other party, must provide a receipt for the receipt of the obligation and the withdrawal of claims from the borrower.

If the lender refuses to draw up such a document, then the borrower may not pay the debt to the end and go to court. In this case, it is not the borrower who is considered to be overdue, but the lender.

If it is necessary to completely replace the entire loan agreement with a receipt, then they rely on. It says that between civilians there is a replacement of the loan agreement with.

Highlights of the design

According to the current legislation of Russia, a loan agreement can be drawn up in two forms:

In order to draw up an agreement between individuals, it is not necessary to use a loan agreement. After all, this document is complex and voluminous. So, for its registration, most often you should resort to the help of lawyers.

People who do not have the opportunity to contact a specialist use the simplest and most profitable option for recording a transaction on paper - a receipt. This document contains all the necessary information about the agreement.

It should be noted that such paper does not need to be certified by a notary. It is simply sealed with the signatures of the parties to the transaction.

In the case of significant amounts of money or expensive items of the transaction, it is worth contacting a specialist and even notarizing the agreement.

General rules for drawing up when receiving borrowed funds

The loan agreement and the receipt have their own peculiarities of drawing up. After all, each of these documents is intended to accommodate both the main provisions of the agreement and the nuances of the transaction. This should not be forgotten.
If the receipt is a short description of obligations, then the contract takes into account all the details of the agreement.

The main part should indicate:

1. Name of the borrower.
2. Full name of the lender.
3. Passport details of both parties.

It should be noted that foreign exchange transactions between individuals are prohibited in Russia. However, the agreement is allowed to indicate the amount in foreign currency and in the Russian equivalent. You should also write that the refund must be made at the exchange rate at the time the debt is repaid.

But there is one condition for such a calculation - the loan amount must exceed 5 thousand rubles. Only in this case will the automatic accrual of interest occur.

It should also be remembered that if a loan is provided on an interest-free basis, this feature is indicated in the title of the document - in the name of the loan. Otherwise, it will be considered as a percentage.

What guarantees does the document give

Every lender and borrower must understand that either a receipt for a loan between individuals does not guarantee the return of the debt.

It is not necessary to draw up an act on the transfer / acceptance of money received for a product / service or in debt. True, if the debtor does not return what he promised, he will have to say goodbye to finances, since you will not go to court with your bare hands. But there would be a receipt drawn up between individuals and / or legal entities.

The case would have turned out differently: the statement of claim was accepted, the handwriting was verified, the witnesses were invited, the non-payment was ascertained, but ... The signature did not match: there was one on the debt bill, and another in the passport. What will be the outcome of the case?

This was one of the options when a friend who borrows money already knows that he will not want to return it. Aside from forging a signature, there are many ways to legally evade obligations, but none of them will work if you follow the guidelines.

Interest

The amount of the interest rate must be recorded in the text of the document. The agreement in words does not guarantee you anything. Below is a sample of such a receipt, however, if the amount is large, it is better to use a full-fledged loan agreement (its legitimacy when used by the authorities will not be in doubt). This document gives more rights to both (!) Parties.

No interest

An interest-free loan will be obtained automatically if the amount borrowed is not higher than the minimum wage established at the time of signing the document, and there is no indication of interest in the IOU. However, if the total amount of borrowed money is higher than the minimum wage (in fact, we are usually talking about significant amounts - above 100 thousand rubles), and the document does not indicate the absence of interest, then they will be calculated automatically (at the rate of the state bank).

It is not scary if the debtor settles with you himself. And in court there will be confusion, which will complicate the case a little. Therefore, it is necessary to clearly state in the text: there is a percentage or not a percentage.

With monthly payment

For such a calculation, a Loan Agreement is desirable. Why?

• it has more legal weight;
• it has more options (an extensive system of fines and late fees, for example);
• it is easier to prove that the debtor did not make the payment in the given month.

If you wish, you can draw up a schedule of monthly payments in an IOU, but in fact it will not be a schedule, but an indication of the systematic nature of the payment for such and such numbers. The ideal solution is a synthesis of a loan and a receipt of funds for this loan.

You can make sure the debtor's honesty with the help of an insurance company (profitable if the loan amounts are large) - you need to conclude an agreement with it: if the payer does not return the money, the insurance company will do it for him. The disadvantage of this method is that you need to spend money.

Bail

This method insures the lender against the payer's dishonesty: even if the money is not paid, the thing left on bail can be sold, thereby returning part or the full amount of the borrowed amount.

Sample form for receipt of money in debt

There is no universal template for drawing up this document, since each case of transferring money is individual and has those features that will not be inherent in other agreements. The main rule when drawing up an IOU is to reflect in the text everything that you need to get in life (interest, fines, etc.). You can certify the receipt with a notary, this will give you additional guarantees.

Sample receipt - receipt of a loan with signatures of witnesses

Features of issuing a debt receipt

• The text is written by hand.
• The paste should be blue and non-gelatinous.
• The personal and passport data of all participants in the transaction are indicated.
• The amount of money is fixed in words.
• The date of signing and the city are set.
• All signatures must be decrypted.
• There are no corrections in the text (if you made a mistake, rewrite it).

Many citizens use the IOU when receiving or issuing money for loans. This document is a confirmation of the transaction.

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However, it is worth understanding all the nuances and features of a receipt for a loan of money in 2019. There are both legislative points and provisions that relate to the format, structure and procedure for preparing this document.

What it is

A receipt is a personal document that is intended to protect the rights of both the borrower and the lender's party.

It is worth noting that the use of a debt document is allowed for transactions that are concluded between:

• individuals and individuals;
• individuals and legal entities.

Each of these types of receipts has its own peculiarities of filling. However, the legislation has not established a single unified form. Therefore, you can fill it out in free form.

The receipt is a small piece of paper that contains the main items related to debt. The more nuances are written in this document, the easier it will be to conduct a transaction.

Definitions

Receipt	This is a document that certifies the fact of the transaction. It can be made by both the borrower and the lender. This document is used only when obtaining a loan
	This is a type of obtaining credit funds. The main difference from a loan is that this type of agreement can be concluded between individuals and legal entities
Individual	This is a citizen who takes credit for his consumer needs
Interest rates	This is a reward for the lender for the use of funds. Many receipts can be concluded free of charge
Creditor	This is an individual, a microfinance company, a banking organization that provide the opportunity to receive money on credit
Legal entities	These are organizations, companies and representatives of business structures. Upon receipt of a loan, a legal entity directs it to the development of the enterprise

What is its purpose

In the event of delays, the creditor has the right to sell the IOU. The penalties for delinquency on IOUs are much harsher than in banks.

If in MFOs and banks a penalty is simply charged, then a private lender has the right to demand from him. And this should be done within 30 days. Otherwise, everything may end in court and enforced penalties.

The main purpose of the receipt is to confirm the conclusion of a loan transaction and a report on the receipt of funds under the agreement from the lender to the borrower and vice versa.

Legal framework

As for the legal side of issuing loans against receipt, here you should refer to the Federal Law.

This document contains provisions on how to conclude a loan transaction. talks about the terms of lending in the case of consumer loans. They should be distinguished from business loans.

The receipt should also indicate the total cost of the loan. This is spelled out in. This item allows you to immediately assess the strength and not fall into credit slavery.

An IOU in the legislation of the Russian Federation is considered an instrument that is used exclusively in civil relations.

Therefore, the main provisions regarding this document are posted in. For details on receipts, see.

The second paragraph says that if the main agreement is drawn up, the receipt can be provided as an additional document. But it should be understood that it is allowed to use such paper as a separate legal document.

How to write a receipt for a money loan correctly

The main purpose of the receipt is its legal force before the court. Therefore, before drawing up this document, you should know some rules for filling out paper.

Indeed, in case of errors and inaccuracies, the court may not accept this document as evidence in court proceedings. And this will significantly reduce the chances of winning the case.

In the course of entering data, you should remember the following nuances:

It is best to fill out the document by hand	Although the law only permits a signature to be printed out and manually affixed to it, a document that is completely handwritten takes precedence. The fact is that handwriting examination will take place in court proceedings. And it is impossible to accurately determine the authenticity by one signature. Therefore, the court may not take this document for consideration in the case, which will reduce the chances of winning.
Witnesses conclusion of a deal	When signing the receipt, you should take care of at least two witnesses. Although this procedure does not have to be carried out in every case of issuing a loan, it is still recommended to use this opportunity. After all, this is another way to give a receipt more legal force.
Details of the agreement	Since the IOU is primarily intended to protect the parties to the transaction from fraud, it is worth making sure that this document contains as many details as possible about the transaction. So, it is important to indicate the loan amount, loan term, debt repayment algorithm, etc.

As long as these simple rules are followed, the greatest degree of legal validity of the receipt can be achieved. Therefore, you should carefully prepare a sample, and only after that proceed to filling it out and concluding a deal.

Where can I apply for a loan

Loans for the population and for legal entities are provided by different organizations. Most often, private individuals are involved in obtaining such loans.

To find the most acceptable option in terms of borrower requirements and loan conditions, you should compare different lenders. This can be done using different services.

Various private investors place their ads on special Internet sites. The search is carried out using a special form. The required amount is entered into it and the program gives out a list of the most suitable lenders.

Photo: online ad platforms

Loan money against receipt in Moscow is given in a service organization. This company collects the necessary documents, sends them to MFIs or private lenders. After the approval of the application, the borrower can choose the appropriate option from the proposed ones.

Photo: loan calculator MFI Loan 911

How to compose a document (sample)

In order for the form to be the most effective control tool, it should include as many transaction details as possible.

The title must contain the name of the document, the city of the transaction and the date of the receipt.

Personal data of the borrower and lender	These include full name, date of birth, passport details, place of residence, contact addresses and phone numbers
Conditions for issuing a loan	The size of the loan, interest rates, commissions, loan term are indicated here.
Currency operations	The receipt should also indicate such a condition as debt repayment at the exchange rate. However, this proposal should be written in the document, otherwise the borrower may refuse to comply with it, in the case of an oral agreement
Force majeure circumstances	These include possible delays. So, you should immediately install. You can also prescribe a condition on the possibility of deferred payment and debt repayment.

As an example, you can use the following example:

At the very end, the details of both parties are placed in the form of a series and number of a passport document and full name. Also, the IOU is signed by both the borrower and the lender.

At what amount do you need to make

The legislation of the Russian Federation provides for two types of debt transactions. In the first case, it is a verbal agreement.

They have the right to conclude it only if the transaction amount does not exceed 10 times the minimum wage.

The second case is the written binding of the loan agreement. So, if the transaction amount exceeds the limit established by Russian law, it is imperative to draw up a written document.

To date, all transactions on loans exceeding 1 thousand rubles should be automatically drawn up in paper form.

If between individuals

An IOU in most situations is a tool for controlling agreements between individuals.

Indeed, in the case of legal entities, it is worthwhile to draw up separate loan agreements - they are more effective and have a greater impact.

In the case of individuals, an IOU is a document that can be used not only to conclude monetary relations, but also when transferring things for use.

With, there are more chances to choose the best option in terms of lending.

Indeed, in most situations, such a lender decides to issue funds based on his own ideas about the borrower. And such a deal can be concluded urgently.

Plus, such a document has a formal meaning. If a loan is taken from relatives and friends, then a receipt is the simplest option for documenting it.

You do not need to pay a lawyer for it and you can draw it up yourself and without mistakes. The same cannot be said about the loan agreement.

Do I need to be certified by a notary

When drawing up a receipt, it should be understood that such a document has little legal force. If in the case of relatives and friends it is unlikely that it will be necessary to carry out judicial penalties, then such a document should not be subject to notarization.

In addition, the amount of the transaction also matters. When it is a minor loan, you still have to pay for the notary. And this installment may even exceed the total cost of the loan.

Therefore, such an assurance would be extremely disadvantageous. But in the case of large transactions, it is worth protecting yourself. A notarized receipt will be useful not only for the lender, but also for the borrower.

Since such a document in court becomes the basis for considering the case and the main evidence.

To check the lender or borrower for the possibility of fraud, you should offer him to certify the document. Usually, such people immediately refuse to conclude a deal.

Document validity period

There are several nuances that determine the validity of the receipt. It should be understood that the calculation of the limitation period for such a document starts from the date of the end of the loan term.

Each of us needs to borrow money at least once in our life. However, even when borrowing money from relatives, it is better to document the transaction. A competently drawn up receipt of receipt of money between individuals will avoid any financial risks.

What it is

A receipt should be understood as a document confirming the transfer of funds from one individual to another. It does not matter in what form the loan agreement is drawn up (orally, in writing or certified by a notary). The receipt is always attached to any loan agreement.

The agreement specifies the terms of the transaction, the date of fulfillment of obligations, the amount of the debt and a number of other justifications. Even if the persons agree verbally, they still have to draw up a receipt and sign it. It is this document that will prove the transfer of funds.

In the event of disputable situations, the defendant can always confirm the existence of financial relations with the plaintiff. However, if there is no receipt, then the applicant will not be able to prove that he lent money to the defendant.

Consequently, no one will be able to prove the fact of payments on the principal debt, if the defendant does not demand a receipt from the lender that he receives funds to pay the debt.

Even in the presence of witnesses, the testimony of third parties in court is not legally binding. The receipt, however, has legal force and can be used as an evidence base in court. You cannot draw up a contract without a receipt and also use an oral agreement without drawing up this document.

Does it give a guarantee

It is impossible to completely protect yourself from the risk of non-repayment of debt by 100%. Any borrower may experience unforeseen situations and force majeure circumstances. Such cases must be taken into account and discussed in the loan agreement.

You can legally secure yourself if you follow certain recommendations:

• competent execution of the contract and receipts;
• take a receipt from the lender on the regular receipt of funds by him to pay off the debt in accordance with the established payment schedule;
• the document must contain the dates of preparation, receipt and transfer of money, the signatures of all participants in the transaction.

If the lender does not receive payments on the borrowed funds from the borrower, then he has the right to file a claim in court. A receipt, a loan agreement, a payment schedule, checks on the transfer of funds through a bank, card or current account will act as proof of the transfer of a certain amount to the borrower.

If the debtor refuses to voluntarily fulfill his obligations, the court makes a decision on the compulsory collection of the debt. The lender receives a copy of the court's decision and ruling and hands over this document to the Bailiffs Service. Enforcement proceedings begin. The borrower receives a writ of execution for the need to repay the debt.

In the absence of the debtor's property, the presence of official work and earnings, the collection of funds will be extremely difficult. Every second resident of Russia receives money in "white envelopes", and transfers his property to the next of kin.

As compulsory measures, a ban on traveling abroad, the imposition of an arrest on a current account can be imposed. If the issue cannot be resolved voluntarily, then the presence of all completed documents, including a receipt, will make it possible to convince fate that the borrower received money and is in no hurry to return it.

Video: How to write correctly

Sample form of a loan receipt between individuals

A loan receipt between individuals is quite simple to draw up.

You just need to specify all the necessary data:

• date of compilation and place;
• complete registration data of the borrower and lender, including the series and number of the passport, place of registration and residence;
• the amount of borrowed funds, indicating the numbers in words;
• the size of the interest rate for the use of borrowed funds;
• the last date of depositing money;
• indicate the number of the contract.

Before you lend money, you should carefully study the financial characteristics of the borrower.

With interest

An item must be highlighted in the receipt to indicate the amount of accrued interest on the issued funds .

If these conditions are absent in the contract, then the following rules should be adhered to:

• the size of the interest rate is determined from the size of the refinancing rate at the location of the lender;
• interest is paid monthly.

These rules come into force if they are not reflected in the contract or receipt.

No interest

The receipt may assume that there is no interest accrued on the loan if:

• debt does not exceed 50 minimum wages;
• not issued for business purposes.

Secured by real estate

This transaction has the fact of the transfer of property owned by the debtor on bail. As a rule, PTS for a car, a certificate of ownership of real estate, and so on are used as collateral. They are kept by the lender until the full performance of the borrower's debt obligations.

In some cases, the lender may require a receipt from the borrower stating that he undertakes not to sell or re-register the collateralized property. As a rule, a power of attorney is drawn up indicating such conditions and notarized. The term of such a power of attorney should not exceed the term of the loan agreement, otherwise, it is better to destroy the power of attorney later.

These types of receipts confirm the fact of the transfer of funds. When determining the very type of debt, you need to indicate all the components of the transaction, additionally drawing up a loan agreement.

Otherwise, this transaction can be considered interest-free or with the availability of return rules operating on a general basis.

Basic compilation rules

The legislation does not establish specific rules for issuing a receipt, but only gives recommendations:

• execution in writing;
• indication of all the details of the transaction, interest, transfer of real estate;
• drawing up an annex on the transfer of specific documents to the lender;
• specify all the data that allow the person to be identified as accurately as possible;
• it will not be superfluous to take photocopies of the passports of the participants in the transaction;
• the borrower fills out the document with his own hand and gives it to the lender for safekeeping.

After all the obligations of the borrower are fulfilled, he has the right to demand a receipt from the lender, which will indicate the full amount of the return and the absence of claims.

You can mark the main data that should be reflected in any receipt.

As an application, a contract, copies of passports, copies of certificates of ownership of property or real estate of the borrower can be used. You need to make sure that the underline is as legible as possible.

A receipt for receipt of money between individuals is drawn up by the borrower and transferred to the lender for storage. It is necessary to indicate all the information about the participants in the transaction, the amount of debt and the date of repayment of borrowed funds, as well as the rules for their repayment.

What are the ways to call debtors? Answer.

Help for debtors. More details.

These rules will allow you to maximally protect the lender from the risk of non-return of funds and use the receipt as an evidence base.

Whether or not to lend money is a purely personal matter. Everyone decides for himself whether he wants to take on the solution of other people's material difficulties. But if a decision is made to help close people (or just good friends) in a difficult moment, you need to do it so as not to harm yourself.

In order not to get into an unpleasant situation when you cannot return the money borrowed for a while, it would seem, to a responsible person, it is worth making out such a loan in writing. So, if you really need to borrow, then lend money against a receipt.

An IOU is evidence of the transfer of funds from one person to another. It is drawn up both with and without a loan agreement.

People are different and trusting just a word is at least unreasonable, regardless of the loan amount. With a significant amount lent, a receipt for receiving funds from the borrower is simply required.

Let's take a closer look at how to correctly draw up a receipt so that it can, if necessary, be presented in court as proof that the borrower received money on loan.

Requirements for issuing a receipt

The issuance of a receipt for receiving money on credit is not regulated by any legal acts, therefore, the form of its writing can be free.

A receipt printed on a computer and signed personally, as well as one written by the borrower in his own hand, have the same legal force.

Although, if you write a receipt by hand to the borrower, then for sure there will be no doubts about its reliability.

Despite the fact that the form of presentation in the receipt is free, it must meet a number of requirements. A receipt for a loan of money must contain the following information.

Place of transfer of money

A receipt for a loan of money must begin with an indication of the place (settlement) where the money is transferred.

As a rule, the city or village where this event occurs is indicated at the top left of the form.

Borrower and lender data

Here it is necessary to indicate the last name, first name and patronymic of the one who borrows and the one who borrows money. Abbreviations are not allowed. You should carefully check the data with the passport.

Also, a loan receipt may contain passport data.

Important! Carelessness in writing a receipt may backfire by invalidating it.

Therefore, you need to draw up a receipt very carefully, and double check all the data entered into it.

Loan amount

The loaned amount must be indicated in full. In order to avoid corrections, in addition to the numbers, it should also be written in words.

date

Any legal document must be dated. The date when the receipt and / or the loan agreement are drawn up is the date when the debt relationship between people began, confirming the fact that the money was transferred.

The date can also be written in numbers and in writing.

Borrower's signature

The borrower can sign the printed text and decipher his signature in brackets (write down the last name and initials).

However, it will be better if the entire text is written in the borrower's hand. This will make the document look more authentic.

You need to pay attention that the signature looks the same as in normal conditions for a person. There should be no doubt about its authenticity.

Signatures of the Lender and Witnesses

With his signature, the borrower confirms the fact of transfer of the amount of money indicated in the receipt

If desired, a receipt for a loan of funds can be certified by witnesses. But even without their signatures, the document will be valid.

Additional requirements

It is not necessary, but highly desirable to include in the receipt the date for the return of the borrowed funds. It is better to indicate a specific date, but you can also determine the time period for which the money is issued.

If the maturity date is not specified, then the money should be returned within a month. However, in order to avoid confusion, it is better to indicate a specific date.

Another important point that, if desired, can be reflected in the receipt is the accrual of interest for the use of money and fines in case of non-repayment of the debt on time.

As a rule, accrual of interest is not accepted among relatives and friends. However, if money is not lent to the closest acquaintances, then no one can forbid him to secure his investments from inflation by charging you interest.

This is especially true if the money is borrowed for a long time, because the term of the debt obligation can be a year or more.

If funds are borrowed in foreign currency, it is imperative to record the equivalent of the borrowed amount in rubles and the rate at which the foreign currency is converted at the time of the loan.

Sample receipt

Consider an example of what a receipt for a cash loan looks like. The sample is arbitrary, differences are acceptable. The main thing is to fundamentally understand how to draw up a receipt.

It is worth repeating once again that the receipt of the borrower, in which he confirms the fact of receiving money on loan, is a guarantee of their return, so you need to know how to arrange it.

How to lend money correctly?

By lending money, a person naturally hopes to return it. However, it should be understood that situations in life are different. After all, the very fact that the debtor has turned to you means that he is not able to fully control his finances.

Even if we assume that the borrower is an example of honesty and is ready to repay debts on time, one cannot exclude a situation when he simply cannot do this because of the difficulties that have fallen on him.

Therefore, when lending money, you need to be ready to part with it forever. This means, in particular, that the amount of such a loan should not ruin the lender in the event of an irretrievable loss of these funds.

But debt default is an extreme situation. In order to be able to receive funds back, you must comply with a number of rules:

• you need to lend money only to reliable, trusted people;
• if the person to whom you are going to lend money is not familiar to you, find a guarantor among your acquaintances who will confirm his reliability;
• find out what money is needed for - so you find out if a person really needs it, and, perhaps, you can help non-financially;
• negotiate the terms of the return, find out at what expense the person is going to repay the debt - this will be a guarantee of his solvency, a guarantee that the money will be.

Money loves accounting, so even wealthy people should not scatter it left and right, lending to unreliable people. So you can turn into an unofficial source of passive income for unscrupulous debtors.

The desire to help loved ones should not become an obligation to cover the costs of those who like to live at someone else's expense.

Return of borrowed funds

If the borrower is ready to pay off his debts on time (with or without interest, depending on the terms of the agreement), then, just as in the procedure for obtaining a loan, a receipt for the return of the loan is issued.

Drawing up such a receipt will allow you to avoid misunderstandings and problems in the future and will confirm the fact of a refund.

The form of the receipt for the return of money can be the same as that of the IOU. Here you should also indicate the information about the debtor, repaying the debt, and the lender. Fix the date and place of the event.

It is necessary to fully indicate the amount to be returned, indicate if it includes interest, penalties. If there was a loan agreement, then it is necessary to indicate in the receipt for repayment of the debt that the money is returned precisely under this agreement.

A person borrowing money must confirm with his signature that he received the money in full and has no claims against the debtor.

Going to court

If the issue was not resolved so safely, and the borrower does not want to enter the position of the debtor and forgive him the debt, then he has the right to sue the debtor in order to recover the unpaid amount from him.

It is in this situation that an IOU comes in handy. For the court, the receipt is valid even without a loan agreement; it does not need to be certified by a notary. The main thing is that the form of drawing up a receipt includes all the agreed essential points.