Handwriting has the same legal effect as printing, but handwriting is easier to identify. The signature and date must be handwritten, and it is best to add a handprint. The basic contents of IOUs include: creditor's name, loan amount (local and foreign currency), interest calculation, repayment time, liquidated damages (deferred repayment), dispute resolution method, debtor's name, loan date and other elements.

1. If there is a real loan relationship, the creditor's rights and debts recognized by both borrowers and lenders are consistent with the borrower, lender, loan amount, interest rate, date, repayment period and other factors, and such an iou is legally effective. Creditors should take good care of it.

2. The receipt shall at least contain the following basic contents: the name information of the borrower and the lender, the loan amount, the borrower's signature and the date of signing. According to the actual situation, you can also choose to mark "interest standard, loan term, guarantee method, loan purpose, overdue return interest standard, borrower's ID number" and other related contents in the IOU.

It should be noted that it is best to verify the borrower's name according to the ID card when borrowing money.

Legal basis:

People's Republic of China (PRC) Civil Code

Article 672 The lender may inspect and supervise the use of the loan as agreed. The Borrower shall regularly provide the Lender with relevant financial and accounting statements and other materials as agreed.

Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.

Article 674 The borrower shall pay interest at the agreed time limit. If there is no agreement or unclear agreement on the time limit for paying interest, and it cannot be determined according to the provisions of Article 61 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.

Derivative problem:

How many years is the loan term?

The longest validity period of a white note is 20 years. However, if the repayment time is stipulated in the IOU, the limitation of action for the debt shall be calculated for three years from the date when the repayment time expires. During this three-year period, if the creditor has no right to claim, the limitation of action for the debt will be terminated and the debt will not be protected by law. The debtor can use the statute of limitations as a defense to refuse to repay the debt. If there is no guarantee time, then the guarantee time is within six months after the expiration of the main debt performance time.