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Montana Promissory Note Template

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A Montana promissory note is used to outline the terms by which a lender loans money to a borrower. The lender will record the loan amount, the loan deadline, and the interest they are entitled to receive in the note, which will serve as legal documentation of the transaction. If agreed to by both parties, the loan may be further secured through collateral in the form of the borrower’s property or assets. A secured loan enables the lender to acquire the collateral as compensation for their loss in case the borrower cannot pay by the due date.


Types (2)

Secured Promissory Note – A loan agreement that requires the borrower to pledge their personal assets as a security interest.

Download: PDFWord (.docx)OpenDocument

 


Unsecured Promissory Note – Drafted between two (2) parties to document the terms of a loan without any security interest requirements.

Download: PDFWord (.docx)OpenDocument