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Virginia promissory notes may be secured or unsecured. A secured promissory note in virginia is suitable for recording payments that are due for various things. This note shall be governed under the laws in the state of virginia. A virginia unsecured promissory note pairs a lender and borrower into a legal promise based on the lending of a monetary balance..
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The borrower in the agreement is required to reimburse the lender in a timely and structured fashion as dictated by the template. 6% legal rate 12% with a contract: Download the virginia promissory note templates in.pdf or word format and start drafting your custom promissory note today. The borrower executes this note as a principal and not as a surety..
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