Make Fillable Legal California Promissory Notes Forms For Free

Promissory notes are legally binding contracts that can hold up in court if the terms of borrowing and repayment are signed and follow applicable laws.

Even if it is not required, having an objective third party witness the signing of the note will be better evidence when you need to enforce the repayment of the note. Signing the note in front of a notary public is the best evidence that the Borrower signed the note.

If the signer cannot understand the document's contents, then the notary cannot notarize the document. If the signer cannot provide an adequate identification clause. If the signer is a minor, or you believe it has been coerced into signing. Wills and birth/death certificates are not notarized.

At its most basic, a promissory note should include the following things: Date. Name of the lender and borrower. Loan amount. Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral? ... Payment amount and frequency. Payment due date. Whether the loan has a cosigner, and if so, who.

No. Promissory notes do not need to be notarized. The borrower only needs to sign the document to make it legally enforceable. A witness may be helpful if one party contests the note, but a notary is not necessary.

How to Write a Secured California Promissory Note Begin by entering the lender's complete information, the current date, the borrower's complete information, the amount of the loan, and the amount of the interest involved in the loan. Choose the method you would like the borrower to repay the balance.