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  1. Free Promissory Note Templates - PDF | Word – eFo…

    Secured Promissory Note– For the borrowing of money with an asset of value “securing” the amount loaned such as a vehicle or a home. If the borrower does not pay back the amount within the mandated timeframe, the lender will have the right to obtain the property of the borrower. Download: PDF, MS Word, OpenDocument Unsecured Promissory Note– This d...

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    A promissory note is a written promise to pay back money owed within a specific timeframe.The borrower receives the funds after the note is signed and agrees to make payments under the terms and conditions of the note. The lender will collect interest which acts as a fee for lending the money.

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    Also known as the maximum rate of interest a lender can charge. It’s important that lenders do not charge a rate of interest more than what their state allows. The following are links to each state’s usury rate laws.

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    I Owe You (IOU)– A receipt acknowledging a debt that is owed with no timetable for payment. Download: PDF, MS Word, OpenDocument Loan Release Form– When the note has been paid-in-full, the lender should set the borrower free of all liabilities by authorizing a release form. Download: PDF, MS Word, OpenDocument

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