How a Consumer Hired a Lawyer to Draft a Note Payable in California
See real project results from ContractsCounsel's legal marketplace — this project was posted by a consumer in California seeking help to draft a Note Payable. The client received 3 lawyer proposals with flat fee bids ranging from $475 to $1,500.
Draft
Note Payable
California
Personal
-
A week
$475 - $1,500 (Flat fee)
3 bids
How much does it cost to Draft a Note Payable in California?
For this project, the client received 3 proposals from lawyers to draft a Note Payable in California, with flat fee bids ranging from $475 to $1,500 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.Project Description
Need help with a Note Payable?
Lawyers that Bid on this Note Payable Project
Founding Member/Attorney
12 years practicing
Free consultation
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Note Payable
New York
Can a note payable be transferred to another party without the lender's consent?
I recently entered into a loan agreement with a lender, where I borrowed a significant amount of money and agreed to repay it over a specified period of time. However, due to unforeseen circumstances, I am now unable to continue making the payments on the note payable. I have found another individual who is willing to take over the repayment of the loan, but I am unsure if I can transfer the note payable to this person without obtaining the lender's consent. I would like to know if it is legally permissible to transfer a note payable to another party without the lender's consent, and if not, what options are available to me in this situation?
Damien B.
Hello! Most loan agreements contain clauses that prohibit the assignment or transfer of the borrower's obligations without the lender's written consent. This is because the lender approved the loan based on your financial status and creditworthiness, and transferring the loan would introduce a new party with potentially different credit risks. If the agreement does not allow for an assignment and If the lender does not consent to a transfer, one possibility is that you could enter into a private agreement with the individual where they make the payments on your behalf. However, you would remain liable to the lender if they default. If you have a follow-up question or would like a consultation or further legal services, you can let me know. There should be a button on your page or app that allows you to request a proposal from me specifically for the legal service you request. Best regards, Attorney Damien B.
Note Payable
New York
I need to sue on an unpaid promissory note
The note was written back in March 2019 I hired an attorney and he has done nothing for me! I made tons of requests to try to settle out of court with this man and he just keeps blowing me off
Jane C.
An attorney needs to review what has been done so far on the case and move forward from there.