Receipt for Collateral Form
A receipt for collateral form is a document that acknowledges the receipt of collateral by a secured party against a sanctioned loan. The party assures to secure the collateral till the loan is repaid. In case, the borrower fails to repay the loan, the collateral might be disposed of in order to satisfy the obligation. This written document holds immense importance and should be well written as it is the essential proof needed when the lender have to return the pledged property after complete repayment of the loan. This receipt of collateral held the complete security of the secured property. The condition or value of the pledged property is however not acknowledged by the party through this document.
Sample Receipt for Collateral Form
COLLATERAL RECEIPT
(Do not lose this receipt)
Date: ____________________ Receipt No __________________
- RECEIVED FROM _______________________________________________________
- ADDRESS : ___________________________________________________________
____________________________________________________________________
- COUNTRY: _____________________________________________
- CONTACT NUMBER : a) Mobile : ________________
b) Telephone : ______________________________________
- E MAIL ID : _______________________________________________
- SOC. SEC ____________________________________________
The collaterals checked below have been executed or deposited by the person named above:
- Promissory Note
- Indemnity Document
- Mortgage Deed and Promissory Note
- Money in the amount of $ _________________________ (in words). The money has been paid in a) Cash $________________ AND/OR Cheque _________________ amounting to ____________________ dollars.
Other Collateral:
The collateral stated herein has been placed as security on the bond(s) for the following:
DEFENDANT: ________________________________________________________
AMOUNT OF THE BOND: ______________________________________________
POWER NUMBERS: ________________________________
COURT: ___________________________________________
RECEIVED BY: _____________________________________
NAME: ______________________________________________
SEAL: ______________________________________________
Category: Receipt Forms
