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

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Texas Promissory Note: What Is It?

A Texas promissory note is a contract between a creditor and a debtor where the debtor promises to repay a loan that they received from the creditor. A Texas promissory note cannot have conditional payment terms and it cannot include an interest rate of more than 18%.

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