Private Community Discussion Forums & Sharing

Find answers, ask questions, and connect with your community around the world.
Share the knowledge. Help one another. Always remembering golden rule of Love thy Neighbor.

Homepage Private Community Forums Discharging Liabilities (Debt) Promissory Note process – Affidavit (of payer)

  • Promissory Note process – Affidavit (of payer)

    Posted by rtw711 on September 16, 2023 at 4:22 pm

    From the Promissory Note (PN) Module, how would one complete the following in the Affidavit (of payer) where:

    Company L (“Lender”) – provides the finance for loans (e.g. personal loans, home loans)

    Company M (“Manager”) – manages Company L’s loans. Customers/clients with loans from Lender only ever deal with Manager, company M.

    1. Affidavit of payer – Promissory Note (PN) Module

    In The Matter Of:

    Payment of alleged debts to Commonwealth of Australia by <Name>

    Re: Discharge of liability to pay alleged outstanding debts to Commonwealth Bank of Australia ABN 48 123 123 124 for SVR Investment Home Loan Account numbers <no.s 1, 2 and 3> by delivery of “promissory notes” numbered PNJHS270320191035, PNJHS270320191040 and

    PNJHS270320191045 respectively.

    1.1 In the above example, in the 1st line “Payment of alleged debts to Commonwealth of Australia by <Name>”, what is “Commonwealth of Australia” referring to? The bank, or the Commonwealth?

    1.2 Would you modify:

    “Re: Discharge of liability to pay alleged outstanding debts to Commonwealth Bank of Australia ABN 48…..” to include both Lender and Manager companies as follows:

    “Re: Discharge of liability to pay alleged outstanding debts to Company L ABN 55…. for Company M (ABN 55 …..) Loan Account numbers <no.s 1, 2 and 3> …..”? Is this correct?

    • This discussion was modified 5 months, 2 weeks ago by  rtw711.
    rtw711 replied 5 months, 2 weeks ago 1 Member · 0 Replies
  • 0 Replies

Sorry, there were no replies found.