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CANCELLATION OF PROMISSORY NOTEThis Cancellation of Promissory Note is dated , 2018, and is between the County of Contra Costa, a political subdivision of the State of California (the County) and.

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This guide provides clear and concise steps for completing the Cancellation of Promissory Note form online. Whether you are familiar with legal documents or new to this process, the following instructions will assist you in filling out the form accurately.

Follow the steps to complete the Cancellation of Promissory Note form.

  1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
  2. Enter the date at the top of the form where indicated, marking the date this Cancellation of Promissory Note is being executed.
  3. In the designated section, fill in the name of the County as 'County of Contra Costa' and identify the Borrower as 'Hookston Senior Homes Associates'.
  4. Complete the recitals section by providing the original promissory note date, original principal amount, and the specific date and amount of the repayment.
  5. Review the agreement section and confirm that you understand the termination of the Promissory Note and Deed of Trust, agreeing that they will no longer be enforceable upon payment.
  6. Prepare the signature blocks for all parties involved, ensuring that they are ready to sign the document upon completion.
  7. Once all fields are filled out and verified, save your changes. You can then download, print, or share the Cancellation of Promissory Note as necessary.

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Give the borrower the original promissory note, with a notation on it that says “CANCELLED” or “PAID IN FULL.” Keep a copy of this note for your records.

What Happens When a Promissory Note Is Not Paid? Promissory notes are legally binding documents. Someone who fails to repay a loan detailed in a promissory note can lose an asset that secures the loan, such as a home, or face other actions.

Promissory notes are legally binding documents. Someone who fails to repay a loan detailed in a promissory note can lose an asset that secures the loan, such as a home, or face other actions. You have a few options if someone who has borrowed money from you does not pay you back.

Even if you have the original note, it may be void if it was not written correctly. If the person you're trying to collect from didn't sign it – and yes, this happens – the note is void. It may also become void if it failed some other law, for example, if it was charging an illegally high rate of interest.

Once the debt of a promissory note has been satisfied, a release of promissory note should be executed by the holder of the note. Such a document serves as the borrower's proof that the debt has been paid. This is sometimes called a release and satisfaction of promissory note.

If you have an issue with a personal promissory note being unpaid and cannot come to an alternate agreement with your friend or family member that borrowed the money, legal intervention may be the only option. A local collection lawyer can help you attempt debt collection and file a lawsuit, if necessary.

Letter of Cancellation Tips Make sure you include the date, the company's name and contact information, and your account number if relevant. Be polite but firm when you tell the company to cancel your account. Remember that there is a typical 30-day notice period before a cancellation is put into effect.

Promissory notes are legally binding contracts that can hold up in court if the terms of borrowing and repayment are signed and follow applicable laws. Important details to include are: The amount of money borrowed.

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Fill CANCELLATION OF PROMISSORY NOTE

The Promissory Note will be cancelled when no outstanding balance of the Promissory Note exists. Cancellation of Promissory Note. Upon payment in full, the Payee shall promptly mark this Note as cancelled and return the original Note to the Maker. This form is available on Westlaw. Easily search more than 600,000 legal forms to find the exact form you need. Ensure that you enter the correct dollar amount. Cancellation of promissory note. Use our release of promissory note template to formally mark your financial arrangement's end. § 1956.97 Disposition of promissory notes. NOTE CANCELLATION AGREEMENT This Note Cancellation Agreement ("AGREEMENT") is entered into as of July 20, 2001, between Canaccord International Ltd.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232