Promissory Note - Installment (Multiple States) - A Promissory Note establishes the Borrower's obligation to repay a debt back with interest. This document sets forth the amount of the loan, terms of the loan, the interest rate, the payment schedule and the rights and obligations of the lender and borrower. It also states that the loan is to be repaid in monthly payments of a set amount until paid back in full. This form allows the borrower to repay the loan back at any time without a penalty. This package contains (1)Instructions & Checklist for Installment Promissory Note; (2) Information for Installment Promissory Note; and (3) Installment Promissory Note.
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