Note Balloon Sample For Job In Washington
Category:
State:
Multi-State
Control #:
US-00425BG
Format:
Word;
Rich Text
Instant download
Description
The Promissory Note, specifically a Balloon Note, is a financial document used in Washington for borrowing purposes. It outlines the borrower's promise to repay a specified sum with interest to the lender. Key features include the amount of the loan, the interest rate, payment schedule, and the final balloon payment due at the end of the term. The document allows for monthly installments as well as provisions for additional principal payments with potential prepayment penalties. Users must fill in specific details such as amounts, dates, and addresses. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with personal or business loans, as it clarifies obligations and provides a legal framework for lending agreements. The form ensures compliance with applicable usury laws, making it a reliable choice for structuring lending relationships in Washington.
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