Updated April 11, 2022
A Montana unsecured promissory note helps to ensure that a lender receives timely and complete payments on a monetary balance loaned to another individual. It should be noted that this template does not guarantee financial security for the lender in the case of default. While the note is a legal document that can be used in a small claims court, it is not guaranteed that the lender will be reimbursed for taking legal action. Because of this, we highly recommend lenders work with borrowers who have a strong credit history and are personally known by the lender.