Official IOU Layout (I OWE YOU)
Date: September 2, 2050
Parties Involved:
Debtor (Borrower): [YOUR NAME]
Address: 3519 Logan Lane, Denver, CO, 80015
Creditor (Lender): Maria Martinez
Address: 527 Sweetwood Drive, Broomfield CO 80165
Amount Owed:
Total Amount: $1,200.00 (One Thousand Two Hundred Dollars and 00/100)
Repayment Terms:
Initial Payment: $200.00 due on October 1, 2050
Subsequent Payments: $200.00 per month for five months, starting November 1, 2050
Final Payment: $200.00 due on March 1, 2051
Payment Method: Payments to be made via bank transfer to Maria Martinez’s account (Account Number: 987654321, Bank: ABC Bank).
Terms of Agreement:
The debt will be considered settled once all payments are completed as per the schedule.
If any payment is missed, the debtor agrees to notify the creditor within 5 days and provide a reason for the delay.
Signatures:
[YOUR NAME]
Borrower
Maria Martinez
Lender
Signature of Witness (if applicable):
[Witness Name]
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