Connecticut Promissory Note Template

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Connecticut Promissory Note Template

A Connecticut promissory note is a binding document between a lender and a borrower that contains the terms of a loan arrangement between the parties. This document includes the contact information of both parties, the amount of money owed by the borrower, the amount of interest, the frequency of payments, and any late fees. Furthermore, the parties may negotiate whether the borrower will have to put up collateral to ensure the lender is protected against delinquent payment.

When both parties have signed the form, it becomes legally binding. Failure on the borrower’s part to pay back the money could result in legal action initiated by the lender.

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Last updated May 25th, 2025

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A Connecticut promissory note is a binding document between a lender and a borrower that contains the terms of a loan arrangement between the parties. This document includes the contact information of both parties, the amount of money owed by the borrower, the amount of interest, the frequency of payments, and any late fees. Furthermore, the parties may negotiate whether the borrower will have to put up collateral to ensure the lender is protected against delinquent payment.

When both parties have signed the form, it becomes legally binding. Failure on the borrower’s part to pay back the money could result in legal action initiated by the lender.

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Types (2)

Secured Promissory Note – This document sets forth the repayment terms of a loan secured by collateral.

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Unsecured Promissory Note – A loan agreement between two (2) parties that is not secured by any form of collateral.

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