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	Maryland Promissory Note - On Demand - Secured Forms

When a person or entity ("Lender") loans money to another person or entity ("Borrower"), the loan is typically formalized with a promissory note. In this type of promissory note (an on-demand promissory note) the Borrower promises to repay the loan and accrued interest, if any, at any time upon the request of the Lender. A promissory note will set forth, among other things, the repayment schedule, the interest rate, and defaults.

Often the Lender will want some additional assurance, usually in the form of collateral, in case the Borrower fails to repay the loan. To ensure that that collateral is collectible in the case of a default, the parties will usually enter into another agreement - a security agreement. A security agreement sets out the rights of the Lender with regard to the collateral.

This Promissory Note - On Demand - Secured form can be used in Maryland MD.

This Maryland Promissory Note - On Demand - Secured package contains:

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