Transaction Summary
Promissory Notes favoring the Lender minimize procedural barriers to enforcement and collection of the Note. The principal amount, interest rate and schedule of payments is set forth in amounts certain and with particularity. Any default renders the amount due and collectible immediately without the need for notice or any grace period. Lender favored terms typically allow recovery of collection costs (including attorney fees). You can find additional answers to your questions using our extensive library of
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This form reduces collection costs on the debt.
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