Promissory Note Template With Notary

State:
California
Control #:
CA-FS-874
Format:
Word; 
Rich Text
Instant download

Description

Promissory Note; Settlement Agreement: This is an Agreement and Promissory Note, stating that an individual is owed a certain sum from a corporation. The Agreement lists the payment schedule and amount to be paid by the corporation. Both the individual and a representative of the corporation must sign the contract. This form is available in both Word and Rich Text formats.

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FAQ

In the most sensitive cases, you should notarize your promissory note and any amended versions. This gives your document added authenticity and legal protection. If a borrower defaults or fails to pay, and you need to go to court, a notary signature could do you a solid in the long run.

How to Write a Promissory NoteDate.Name of the lender and borrower.Loan amount.Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral?Payment amount and frequency.Payment due date.Whether the loan has a cosigner, and if so, who.

Simple Promissory Note SampleInclude the date you are writing or the date you plan to send the note at the top. Write the total amount due in both numeric and long-form. Add a detailed description of the loan or note terms. For example, you'll need to include what the loan or payment is for, who will pay it and how.

At its most basic, a promissory note should include the following things:Date.Name of the lender and borrower.Loan amount.Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral?Payment amount and frequency.Payment due date.Whether the loan has a cosigner, and if so, who.

Detailed Information The note has all the required information including the name of the drawer and payee, date of maturity, terms of repayment, issue date, name of the drawee, name, and signature of the drawer, principal amount, and the rate of interest, etc.

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More info

It helps to look at a simple promissory note sample. Where To Get A Promissory Note.There are sample promissory notes all over the web. For example buying a house, without having to pay for it outright with the help of a mortgage. 2 Why Promissory Notes are Important to Generate? 3 Promissory Note Forms; 4 What are the Essential Elements in a Promissory Note Template? Types of promissory notes, reasons for signing this form, usury laws, and steps that one should follow to complete the form in Georgia. Where can you find templates? FAQ: Personal loan contracts. Complete and sign the attached Self-Certification form.

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Promissory Note Template With Notary