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A promissory note is used when one party, the issuer, is making a "promise" to pay a certain amount of money to another party, known as the payee.

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This Lease Agreement is legally binding in Maryland according to your state's specific rules and regulations.

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Maryland Promissory Note: What Is It?

A Maryland promissory note is an agreement between two people regarding a loan of some type. A Maryland promissory note should include the amount of the loan, the amount of the payments, when the payments are due, what happens if the payments aren't made on time, the interest rate, and the signatures of both the creditor and the debtor.

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