North Carolina Secured Promissory Note Template

North Carolina Secured Promissory Note Template

Last updated March 2nd, 2022

  1. Home »
  2. Loan Agreement »
  3. Promissory Note »
  4. North Carolina »
  5. Secured

North Carolina secured promissory note is a debt repayment agreement where a borrower pledges valuable assets as collateral to secure a loan from a lender. A brief description of the pledged collateral, the loan amount, interest rate, and payment deadlines should be included in the form. Lenders may also insist that a co-signer execute this document to prevent a default and help ensure repayment. If the borrower fails to repay the loan, the lender will be granted possession of the collateral.


Related Forms

Unsecured Promissory Note – A financial arrangement where a debtor agrees to repay a lender without providing collateral.

Download: PDFWord (.docx)OpenDocument