Promissory Note Form Florida

State:
Florida
Control #:
FL-14-06
Format:
Word; 
Rich Text
Instant download

Description

This is a promissory note for use in connection with the sale and purchase of a horse where financing is involved. It is a simple interest note that may be used in conjunction with an Installment Purchase and Security Agreement.
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How to fill out Florida Promissory Note - Horse Equine Forms?

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FAQ

All parties must sign the promissory note. Florida law does not require that the promissory note be notarized, but parties often take this extra step.

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.

You can use a template or create a promissory note online. But before you begin, you'll need to gather some information and make decisions about the way the loan will be structured. First, you'll need the names and addresses of both the lender (or "payee") and the borrower.

Dated Signature: In Florida, both unsecured and secured promissory notes must be signed and dated by the borrower, any co-signer, and two witnesses; the lender need not sign. There is no legal requirement for a promissory note to be notarized in Florida.

Dated Signature: In Florida, both unsecured and secured promissory notes must be signed and dated by the borrower, any co-signer, and two witnesses; the lender need not sign. There is no legal requirement for a promissory note to be notarized in Florida.

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Promissory Note Form Florida