Maine Secured Promissory Note Template

Create a high quality document online now!

Updated April 06, 2022

A Maine secured promissory note binds two individuals into a contract that requires one party (the borrower) to reimburse another party (the lender) an original balance plus interest. If the borrower fails to successfully pay back the loan and enters into default, the lender has the right to take the item(s) put into security. Items that are typically used as security are homes, boats, and vehicles.