Arizona Secured Promissory Note Template

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Updated March 14, 2022

An Arizona secured promissory note is a documented promise stating one party (the lender) will pay another party (the borrower) a previously established amount of money in exchange for the same amount of money in addition to interest. Because the agreement is “secured”, the lender has a form of security in the possible outcome of the borrower defaulting on the agreement. This security can reside in the form of a home, vehicles, boats, and other possessions of value.