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Personal Law > Other > Acknowledgement of debt

Acknowledgement of debt

Your acknowledgement of debt to attest in writing the existence of a loan between the lender and the borrower...more

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Description

  • The acknowledgement of debt is a written document that attests the existence of a money loan by a creditor to a borrower.
  • The acknowledgement of debt can take form of a letter with various clauses, including:
    • The loan amount;
    • The applicable interest rate;
    • The dates of payment;
    • The amount and frequency of payments.
  • The acknowledgement of debt is often the only evidence of the loan's existence.
  • This evidence could be very useful in the case of:
    • Dispute;
    • Death;
    • Legal action.
  • The acknowledgement of debt available on this site is a document that meets your needs for relatively simple loans.
  • For loans whereof conditions are more complex, please contact  .

* These fees may be changed within a 60-day notice and in accordance with section 71 of the Code of ethics of notaries.

GST and QST not included.

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