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

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Oregon Promissory Note: What Is It?

An Oregon promissory note is a legally binding document that outlines a loan and the repayment agreement for the loan. An Oregon promissory note should include the due date for each installment, the amount due for each payment, and it should explain the action the creditor will take if the debtor doesn't pay.

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