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Updated about 8 years ago on . Most recent reply

Drafting a Promissory Note
Hi BP,
I am struggling with the process of drafting a promissory note. Do I have to have an attorney do this? I have a few examples of notes that co-workers have sent me but it has all of their information on it. Any blank templates out there that will suffice for a very simple transaction?
Thanks!
- Cassidy Burns
- [email protected]
- 540-960-1507
Most Popular Reply

just fyi:
A TD is the Mortgage on a specific property, Secured by a Note and is filed in the County.
The NOTE is a commercial paper that has a specific rate and period associated with it, can be created, bought and sold independently of the TD; Universal Commercial Code.