Note Information Document

If the lender is extending a loan of money to a borrower without requiring collateral, an unsecured note is the proper instrument to document the agreement. The parties should address issues related to payment terms, interest rate, late fees and prepayment penalties, among other issues. The document is signed by the borrower, but does not have to be filed of record. The lender should retain possession of the original Note, and return it marked “Paid in Full” upon full payment.

Price: $75