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Promissory Note (Favors Lender)

This form reduces collection costs on the debt.

Promissory Note (Favors Lender)
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Form Overview
The Promissory Note favoring the lender is a simple, one-page Note resolving ambiguities and procedural protections in favor of Lender. The principal amount, annual interest rate and date are set forth as precise sums certain. The amount and date of the first payment is specified, as well as the repeating amount and date of the installment plan. Any default renders the Note due and payable in full. Notice of default under the Note is waived by maker. Arbitration does not apply. You can find answers to your questions using our extensive library of audio questions and answers
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