Difference between revisions of "Collect on a Promissory Note"
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A promissory note is a binding document signed by a borrower who is agreeing to repay any monies borrowed, with interest. A promissory note will state both the lender's and buyer's rights and responsibilities. Promissory notes are used for many varying types of loans including but not limited to student loans, bank loans, commercial loans and real-estate loans. After a promissory note is signed, the lender must know how to collect on a promissory note. | A promissory note is a binding document signed by a borrower who is agreeing to repay any monies borrowed, with interest. A promissory note will state both the lender's and buyer's rights and responsibilities. Promissory notes are used for many varying types of loans including but not limited to student loans, bank loans, commercial loans and real-estate loans. After a promissory note is signed, the lender must know how to collect on a promissory note. | ||
| − | [[Category:Legal Matters]] | + | [[Category: Legal Matters]] |
[[Category:Mortgages and Loans]] | [[Category:Mortgages and Loans]] | ||
