Make a Free Oklahoma Promissory Note

A promissory note, commonly known as an "IOU" is a legal contract between a borrower and a lender. The document legallly binds the borrower to repay the lender the money borrowed, plus interest if applicable. A secured promissory note is backed by collateral, such as real estate, while an unsecured note does not have collateral associated with it. A promissory note is related to a loan agreement

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Oklahoma Promissory Note: What Is It?

An Oklahoma promissory note is a loan repayment agreement between a creditor and a debtor. An Oklahoma promissory note should include the amount of the loan, the repayment schedule (including the amount of each payment), what happens in the event of default, and it should be signed.

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