This is a Promissory Note for your state. The promissory note is unsecured, with a fixed interest rate, and contains a provision for installment payments.
Promissory Note Template California For School
Category:
State:
California
Control #:
CA-NOTE-2
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out California Unsecured Installment Payment Promissory Note For Fixed Rate?
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FAQ
This is to express in writing my inability to pay on time the amount due for my tuition fees amounting to P____________________. I promise to pay said amount on or before ______________________. Furthermore, I am fully aware that subsequent Promissory Notes shall not be accepted without settling my current due amount.
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.
No. Promissory notes do not need to be notarized. The borrower only needs to sign the document to make it legally enforceable. A witness may be helpful if one party contests the note, but a notary is not necessary.
How to Write a Secured California Promissory Note Begin by entering the lender's complete information, the current date, the borrower's complete information, the amount of the loan, and the amount of the interest involved in the loan. Choose the method you would like the borrower to repay the balance.
A simple promissory note might be for a lump sum repayment on a certain date. For example, you lend your friend $1,000 and he agrees to repay you by December 1. The full amount is due on that date, and there is no payment schedule involved.