Balloon Release With Note In Texas
Category:
State:
Multi-State
Control #:
US-00425BG
Format:
Word;
Rich Text
Instant download
Description
A Balloon Note is a Promissory Note that has one large payment (the balloon payment) that is due upon maturity. A balloon note will often have the advantage of a very low interest rate, thus requiring little capital outlay during the life of the loan. The major problem with such a loan is that the borrower needs to be self-disciplined in preparing for the large balloon payment due when the loan matures. Of course refinancing the note upon maturity is always a possibility.
Free preview
Form popularity
More info
The Texas Legislature is considering making a balloon release a Class C misdemeanor. Two heartbroken Texas sisters Gypsy and Story Retting wrote moving notes to their late father and attached to a balloon and released it up to the sky.Mass balloon releases are illegal in several states, cities, and countries. A 10-year-old in Kansas attached a note to a bunch of helium balloons and sent them off into the sky. A balloon released in North Richland Hills landed 972 miles away, in a dogwood tree near Cincinnati, Ohio. It's not illegal, but some states have already made balloon release laws. You can still release balloons in memory of a loved one or another occasion in Texas.