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Make a release of promissory note in minutes
Once your borrower has paid their loan, it's good to officially mark the end of your agreement.Create now
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Here's the info you'll need to have handy to complete your doc:
Who the lender is
Know if a business or individual signed the promissory note and made the loan, and have their name and contact info ready.
Who the borrower is
Know if the borrower is a business or individual and have their name and contact info ready.
When the note was signed
Know the month, day, and year when the original promissory note was signed.
What's a Release of Promissory Note?
You or your business loaned someone money and used a promissory note to make it official. Now that your borrower has finished paying you back, use a release of promissory note form to officially end your agreement. It's anamicable way to mark it done—and, it helps tie up any loose ends.