A sample of an acceleration clause in a promissory note would be: "the failure to pay any installment when due shall mature the entire indebtedness at the option of the holder of this Note." A sample of a prepayment clause in a promissory note would be: "the undersigned may prepay the principal amount outstanding in whole or in part without penalty."
Tarrant Texas Letter Tendering Full Payment of Existing Balance of Promissory Note Due to Acceleration or Prepayment of Note
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-01256BG
Format:
Word;
Rich Text
Instant download
Description
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