Updated April 11, 2022
An Indiana secured promissory note adds structure and cohesiveness to a deal involving money loaned between two parties. Once this note is completed, the lender receives a single, weekly, or monthly payment(s) from the borrower reimbursing the lender the loaned balance in addition to any interest owed. Before the document is dated and signed, ensure all interest rates selected are legal by checking IC 24-4.6-1-102.