Promissory Note Form
A Promissory Note, often referred to as a Note, is a signed promise to pay a debt. The person making the promise (the borrower), makes an unconditional promise to pay the lender, or holder of the Note, a fixed sum of money over a fixed amount of time. In the event payment is not made, the lender has the ability to sue for non-payment, whereas the borrower has no right to counter sue. A party also cannot sue for punitive damages (damages above and beyond the amount specified in the Promissory Note) based upon the debt owed. Promissory Note is not a simple acknowledgement of debt; it is a legal promise to repay the debt. This Promissory Note is a promise to repay a specific sum, and has the option to include interest payments. This Note may also be secured by some item, such as a motor vehicle, piece of jewelry or other item of value.
- This form is FREE (why?)
- Instant download
There is no place to add the lenders name. Also one of questions do you want a witness to sign the form.
I love this site and its great when your dealing with senstive matters and you need a back up for insurance thanks LawSmart
The form is not a regular promissory note. This is something that looks like it was quickly typed up by some kid
A basic document, but it was fast, free and simple.
Thanks, Great forms you make it easy to complete.
Great. Easy to use!
Very easy to use!
Form easy to fill out, but I cannot download the file. I did download the Adobe Reader.