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

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Missouri Promissory Note: What Is It?

A Missouri promissory note is an agreement signed by both the debtor and the creditor. A Missouri promissory note explains the amount of the loan, the interest, the amount of each payment, the due date, and what will happen if the payments are not made. A Missouri promissory note cannot have an interest rate of more than 9%.

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