Balloon Release With Note In Michigan
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Multi-State
Control #:
US-00425BG
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Word;
Rich Text
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A Balloon Note is a Promissory Note that has one large payment (the balloon payment) that is due upon maturity. A balloon note will often have the advantage of a very low interest rate, thus requiring little capital outlay during the life of the loan. The major problem with such a loan is that the borrower needs to be self-disciplined in preparing for the large balloon payment due when the loan matures. Of course refinancing the note upon maturity is always a possibility.
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Sending balloons into the air may become illegal in Michigan. House Bill 4466, introduced in 2023, would classify "knowingly" releasing a balloon as littering and thus punishable as a civil infraction.Mass balloon releases are illegal in several states, cities, and countries. Balloon Releases: Never release balloons into the air, as it poses a hazard to animals and the environment. Petitions under this topic focus on banning balloon releases, promoting biodegradable options, and raising awareness about the dangers of balloon litter. Balloons Blow provides information to educate people about the destructive effects released balloons have on animals, people, and the environment. Expect the streets of downtown Grand Rapids, MI to be filled with empty balloons near Van Andel Arena.