Illinois Unsecured Promissory Note Template

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Updated April 08, 2022

An Illinois unsecured promissory note is utilized by two parties consisting of a lender and a borrower and adds structure and legality to the agreement. This helps to ensure the borrower makes timely and consistent payments to the lender. It should be known that this note does not include security, so the lender has no immediate way to recover lost money in the case of a default on the balance.