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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 Michigan according to your state's specific rules and regulations.

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Michigan Promissory Note: What Is It?

A Michigan promissory note is a written agreement between two people that documents the repayment agreements of a loan. It is important to note that if you find that you need someone to collect on a Michigan promissory note that you cannot assign interest by only providing a photocopy of it. You must provide them with the original document.

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