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A "promissory note" is a written contract in which the borrower promises to repay a loan. The promissory note sets forth the terms and conditions that apply to the loan repayment, such as interest rate, when payments are due, and where payments are made.
Preparing a promissory note can be time consuming and expensive. My Legal Depot's staff has experience in preparing thousands of legal documents. Let us prepare your promissory note promptly and accurately at affordable prices.
We only prepare promissory notes that use real estate as collateral. The promissory note is usually processed along with a Deed of Trust which will secure the property as collateral for the loan.
My Legal Depot makes it simple to prepare and file your Promissory Notes. Complete our simple online questionnaire and we will take care of the rest. If you need customer support, we are just a phone call away (Customer Support: 800-820-2144).
Complete our simple online questionnaire. If you are unable to finish the questionnaire, we will save your answers and you can complete the questionnaire at a later time (save feature only available for registered users). If you need customer support, we are just a phone call away (Customer Support: 800-820-2144).
Our experienced staff will prepare and email you a copy of the document for review within 2 business days.* If you do not have an email and/or a printer, we can have a hard copy mailed to you at no extra charge.
After reviewing the document, simply have the parties sign the promissory note.
After signing, please be sure to provide a copy to the borrower and the original is usually held by the lender. Please store the original in a secure location.
*Documents will be prepared and emailed to you within 2 business days. Delays are uncommon, but may occur due to uncontrollable circumstances.
The cost to prepare a promissory note is $285.00 total. We only prepare promissory notes for loans that will be secured by real estate in the State of California.
**Documents will be prepared and emailed to you within 2 business days. Delays are uncommon, but may occur due to uncontrollable circumstances.
Effective January 1, 2018, the California Senate passed Senate Bill 2 which adds an additional $75.00 filing fee for each real estate related document filed. This fee is levied per property, per document title. Once we complete the title research, our team will notify you if there are any additional fees due. You will have an opportunity to cancel if you decide not to proceed. Most of the time, there are no additional fees due.