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

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Ohio Promissory Note: What Is It?

An Ohio promissory note is a contract between two parties regarding a loan and its repayment. An Ohio promissory note should include the amount of the loan, the amount of each payment, the due date for the payments, and what will occur if the debtor doesn't pay. The maximum interest rate for loans of less than $100,000 is 8%.

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