Minnesota Secured Promissory Note Template

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Updated April 11, 2022

A Minnesota secured promissory note is used when one party lends another party a monetary balance with the expectation of getting that balance returned with interest. This template organizes and adds legality to the transaction and helps prevent the lender from incurring unnecessary financial losses. Also included is a section on security, which sets aside a personal possession of the borrower to be given to the lender in the case of a default.