U.S.Legal Forms, Inc., offers Promissory Note forms for all States. Unsecured, secured and special matter notes. State Specific Notes. Notes with interest, without interest, payable on demand, in installments and lump sum
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Promissory Note Forms Information and FAQ
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Promissory Note: A promissory note is a written promise to pay a debt. An unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person or to the bearer.
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Cognovit Note: A cognovit note is a note in which the maker acknowledges the debt and authorizes the entry of judgment against him or her without notice or a hearing : a note containing a confession of judgment. This type of note is not valid in many States.
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Collateral Note: A collateral note is a note secured by collateral. Same as secured note.
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Demand Note: A demand note is a note payable on demand from the person who is owed the money.
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Floating Note: A floating rate note (or adjustable rate note) is a note where interest varies.
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Recourse Note: A recourse note is a note where the default may result in loss of collateral and also personal suit and judgment. Most notes are recourse notes.
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Renewal Note: A renewal note is a note that renews a previous note due date.
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Unsecured Note: An unsecured note is a note that is not secured by any collateral but only the promise to pay.
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Does a promissory note have to be recorded? Generally, a promissory note does not have to be recorded.
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Who must sign a promissory note? All borrowers must sign. The lender is generally not required to sign but may sign.
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(www.uslegalforms.com/promissory note.htm)
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