Updated April 08, 2022
A Connecticut unsecured promissory note is a document developed for the purpose of putting two parties into a contract in regards to a loan to help ensure timely payments are made and the terms and conditions of the transaction are fully understood. The lender should be aware that there is no embedded security within the document. This means that if the borrower does not make payments or defaults on the balance, the lender has no immediate way of recovering his or her money.