Louisiana Promissory Note Requirements

State:
Louisiana
Control #:
LA-5411
Format:
Word; 
Rich Text
Instant download

Description Promissory Note Template Louisiana

A promissory note is a written document in which a borrower agrees (promises) to pay back money to a lender according to specified terms. This is an example of an unsecured note, which means a note that is not secured by any collateral but only the promise to pay. No interest is charged on the loan. Executing a promissory note helps prove that the parties have established a formal debtor/creditor relationship and that the exchange of money is a loan, not a gift.

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Louisiana Promissory Note Requirements