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	District of Columbia Promissory Note with Repayment Options - Secured Forms

When a person or entity ("Lender") loans money to another person or entity ("Borrower"), the loan is typically formalized with a written promissory note. A promissory note will include, among other things, a repayment schedule, the interest rate, and defaults. The promissory note included in this District of Columbia Promissory Note with Repayment Options - Secured packet gives the user a choice between three repayment options: on-demand, monthly installment and scheduled installment. You choose the option that is best for your situation.

In addition this District of Columbia Promissory Note with Repayment Options - Secured packet includes a security agreement. Often, the Lender may want additional assurance that the Borrower will repay the loan. This assurance usually takes the form of collateral, property pledged as security for a debt. To ensure that that collateral is collectible in the case of a default, the parties will enter into a security agreement, an agreement that sets out the rights of the Lender with regard to the collateral. The security agreement included in this District of Columbia Promissory Note with Repayment Options - Secured packet is designed to work together with the above promissory note.

This Promissory Note with Repayment Options - Secured form can be used in District of Columbia DC.

This District of Columbia Promissory Note with Repayment Options - Secured packet contains:

1. Instructions and Checklist for the Secured Promissory Note (the "Note") and the Security Agreement (the "Agreement");
2. Information about the Note and Agreement;
3. the Note;
4. the Agreement.