Arizona Secured Promissory Note

Download the arizona promissory note form in order to document an agreement between an individual who lends funds to an individual who promises to pay the funds back within a specified time period with a specified amount of interest.

Arizona secured promissory note.

Arizona secured promissory note author. Both the secured and unsecured versions record the parties personal information such as their names and addresses as well as the specifics of the agreement such as interest rates final due dates and installment options. The arizona secured promissory note is a contractual document that is entered into by a lender and a borrower. When a promissory note is secured it means that the borrower promises that if they do not pay off the loan that will give over some piece of property known as collateral to the lender to satisfy at least part of the loan.

Arizona promissory notes may be secured or unsecured. Secured notes require that the borrower provide collateral. This form allows the user to choose whether or not the loan will be secured or unsecured and the method of payment. The document establishes the specific terms of a loan payment details term length interest rates etc.

The arizona promissory note templates are documents that solidify the act of a loan being offered by the lender to the borrower.