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The document outlines the procedure for using the Uncollectible Unsecured Note Form, which is applicable when a borrower cannot or will not repay an unsecured loan. It provides instructions for documenting collection efforts, submitting supporting documentation, and includes contact information for assistance. The form also specifies that if an investment is removed from inventory, it will be valued at $1.00.

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Click ‘Get Form’ to open the Uncollectible Unsecured Note Form in the editor.
Begin by entering your account holder information, including your name and account number. Ensure accuracy as this information is crucial for processing.
In the description of debt section, provide details such as the investment reference number, date the debt became due, face value, and debtor's name along with their social security number.
Indicate whether you wish to remove the investment from your inventory by selecting 'Yes' or 'No'. If 'Yes', note that it will be valued at $1.00.
Document your collection efforts in the designated area. List each effort made to collect the debt along with results. If more space is needed, attach a signed ‘Addendum A’.
Finally, complete the notary signature section by certifying that all information provided is accurate and true. Ensure you sign and date this section appropriately.

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Versions	Form popularity	Fillable & printable
2018	4.6 Satisfied (58 Votes)
2013	4.8 Satisfied (101 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is Equity Trust a reputable company?

Equity Trust Company is BBB Accredited.

Who is the CEO of Equity Trust Company?

As CEO, George Sullivan brings more than 30 years of experience in the financial services industry.

Who regulates Equity Trust?

We are regulated as a South Dakota trust company and comply with all statutes and regulations mandated by the South Dakota Division of Banking. Our financial statements are audited annually by an independent certified public accountant, in ance with American Institute of CPAs (AICPA) professional standards.

What is an Equity Trust?

Equity Trust means the trust to be established pursuant to the Equity Trust Agreement in which the New Common Stock, or a portion thereof, shall be held by the Equity Trust Trustee.

Who is the owner of Equity Trust?

Equity Trust Company and its predecessor companies have been privately owned by the Desich family since 1974.