What is the purpose of a Vehicle Promissory Note?

A Promissory Note for a Vehicle is a legitimate document that regulates the payment terms between the two parties involved in a vehicle accident. When a plaintiff receives the final payment according to this contract, they have to file an affidavit that a defendant has fulfilled their financial obligations in a timely manner.

What makes a promissory note valid?

Since this document is legal, you might want to address your attorney before signing it. The correctly filled-out document becomes legal when the two parties put their signatures in the lower part of page 2. It is also certified by a notary, so make sure all the data provided there is accurate.

What is the validity period of a demand promissory note?

This document acts till a plaintiff receives the entire sum in accordance with the contract. The due date is specified on page one of the form. Afterward, the plaintiff has to ensure the defendant has accomplished their financial obligations in a timely manner by filing an affidavit.

How do I sign a promissory note?

To sign this form, you don’t need to print out the filled template: You can effortlessly do it online taking advantage of the PDFLiner’s rich functionality. Open the e-signing tool located in the upper dashboard and choose the way (there are three different options) you would like to sign the doc. A defendant can do the same, so you can share access to the file too.

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What Is Form DR 2567?

Colorado Promissory Note Contract, or Form DR 2567, is a legal document that is signed between a plaintiff and a defendant that got involved in a vehicle accident. It serves to depict the collateral facts, damages, and any additional expenses the plaintiff had due to such an event and ensure the defendant will cover the entire sum.

What Do I Need the DR 2567 Form For?

To define the exact amount of expenditures you had to bear because of the vehicle accident;
To provide all the details of how this accident happened, including the date, the drivers’ license numbers, vehicle description, etc.;
To ensure that the defendant will pay for all the money you spent on repairing the vehicle damaged in the accident.

How to Fill Out Form DR 2567?

To conveniently complete a fillable template of this variation of Form 2567, press the blue “Fill This Form” button on this website.
You will be redirected to the editable and printable blank page. Provide the basic data about you (as a plaintiff) and another party (a defendant) such as names, addresses, drivers’ license numbers, and more.
In the lower field, describe the facts that took place when the accident happened.
Estimate the suffered damage amount and specify them.
Calculate the total and insert the sum in the appropriate field.
Specify the due date and conditions.
Go to the second page and acknowledge yourself with the conditions and the responsibilities of the two parties determined by the law that acts in the event of a vehicle accident.
Now you can sign the form, ask the defendant to do the same, and save the changes by pressing the red “Done” button on the upper toolbar.
Download a finished PDF file on your PC, print it out, and take it to a notary for further certification.

Organizations That Work With DR 2567

Colorado Department of Vehicles

FAQ: Promissory Note Contract Popular Questions

What is the purpose of a Vehicle Promissory Note?

A Promissory Note for a Vehicle is a legitimate document that regulates the payment terms between the two parties involved in a vehicle accident. When a plaintiff receives the final payment according to this contract, they have to file an affidavit that a defendant has fulfilled their financial obligations in a timely manner.
What makes a promissory note valid?

Since this document is legal, you might want to address your attorney before signing it. The correctly filled-out document becomes legal when the two parties put their signatures in the lower part of page 2. It is also certified by a notary, so make sure all the data provided there is accurate.
What is the validity period of a demand promissory note?

This document acts till a plaintiff receives the entire sum in accordance with the contract. The due date is specified on page one of the form. Afterward, the plaintiff has to ensure the defendant has accomplished their financial obligations in a timely manner by filing an affidavit.
How do I sign a promissory note?

To sign this form, you don’t need to print out the filled template: You can effortlessly do it online taking advantage of the PDFLiner’s rich functionality. Open the e-signing tool located in the upper dashboard and choose the way (there are three different options) you would like to sign the doc. A defendant can do the same, so you can share access to the file too.

Fillable DR 2567 - Promissory Note Contract