Louisiana Promissory Note With Personal Guarantee Template
Description
How to fill out Louisiana Amended Judgment Regarding Promissory Note?
How to obtain professional legal documents that adhere to your state regulations and prepare the Louisiana Promissory Note With Personal Guarantee Template without consulting an attorney.
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FAQ
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.
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.
There is no legal requirement for a promissory note to be notarized in Louisiana. Still, the parties may decide to have the document certified by a notary public for protection in the event of a lawsuit.
Although a promissory note is usually written on a computer and printed out or a pre-made form is filled out, a handwritten promissory note signed by both parties is legal and will stand up in court.
