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Pennsylvania Secured Promissory Note Template

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Pennsylvania Secured Promissory Note Template

Updated April 11, 2022

A Pennsylvania secured promissory note is a legal document signed by both the lender and borrower of a monetary balance. The template outlines various facets of the agreement, such as how the borrower will repay the lender, the interest rates attached to the note, and the penalties for missing or being late on payments. It also lists a personal asset of the borrower to be used as collateral in case of default.