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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.
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.