PROMISSORY NOTE
Fee: $229
The We The People Promissory Note form is used to document that a borrower (the maker) agrees or promises to pay back money to a lender (the holder) according to specified terms.
* The fees above do not include filing, recording, or courier service fees.
MORE ABOUT PROMISSORY NOTE
The We The People Promissory Note form is used to document that a borrower (the maker) agrees or promises to pay back money to a lender (the holder) according to specified terms.
The terms of the Promissory Note form include the amount borrowed (the principal amount), the interest rate, the dates payments begin and end, the amount of each payment, and any late fees.
The Promissory Note form is generally not recorded. During the term of the loan, the lender retains the promissory note. When the loan is paid, the promissory note is marked “paid in full” and returned to the borrower.
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