Proceed by entering the name of the Borrower and Lender. Download Word or PDF File A promissory note is used when one party, the issuer, is making a “promise” to pay a certain amount of money to another party, known as the payee. The document holds the borrower accountable for paying back the money (plus interest, if any). Of course, the level of any interest rate in a note is subject to the concepts of unenforceable penalties, overreaching or unconscionability.
To receive the latest Investor Alerts and other important investor information sign up for . You can also log onto the website at any time and make changes to your promissory note or loan agreement. If this Note is given to an attorney for collection or enforcement, or if suit is brought for collection or enforcement, or if it is collected or enforced through probate, bankruptcy, or other judicial proceeding, then Borrower shall pay Payee all costs of collection and enforcement, including reasonable attorney’s fees and court costs in addition to other amounts due. Unsecured notes will typically have higher interest rates due to the fact that they are not backed by any collateral.
If you have selected Installments as your repayment option, enter a Late Fee amount in the event the borrower does not make their payments on time. Then you can go back and add in the required information.
The parties to the agreementâ¦ DOWNLOAD this North Carolina Promissory Note Form in order to show an arrangement between two parties loaning and borrowing money. The template can be downloaded in .PDF or Word format. If more space is needed, provide an additional sheet with any remaining information. The state of the individual or business lending the money (the lender) should be entered. Firearm Ownership and Registration â No one under the age of 21 is allowed to own a firearm in this state.
No Yes Repayments will begin: January February March April May June July August September October November December 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Late/Missed Payment Penalty? Step 7 â Signatures â Before signatures are provided you must retain the services of a notary public.
ACPE offers a suite of financial aid and outreach services, including low-cost student education loans. That will create a blank promissory note sample for you to see.
Problems with promissory notes fall into three main categories: fraud and deception of investors, unregistered securities and unregistered sellers. This is a form that informs the borrower of the terms stated in the promissory note such as the penalty for late payment as well as how much time they have before they become in default. This means you can download or print your Promissory Note in Adobe Acrobat, Firefox, Internet Explorer, Microsoft Word, iWorks or practically any other software out there. All content Â© 2008 by / Note to HTML Version: This version of the Alaska Statutes is current through December, 2007.