Assignment of Promissory Note as Security

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This Assignment of Promissory Note as Security will assign a promissory note owed to one party to another as security for a loan. This assignment sets out the specifics of the arrangement including the amount owed on the promissory note and the indebtedness which the promissory note secures.

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This Assignment of Promissory Note as Security will assign a promissory note to another. In this Assignment the Assignor (party making the assignment) will assign all amounts due under a promissory note to an Assignee (party receiving the assignment) as collateral security for indebtedness owed to the Assignee. This Assignment sets out the specific terms of the assignment including the name of borrower under the promissory note, the original amount of the note, its maturity date and the indebtedness for which this promissory note will act as security. It is crucial that this type of business transaction be memorialized in writing. A written Assignment of Promissory Note as Security will be useful in the event there are misunderstandings or disagreements between the parties.

This Assignment of Promissory Note as Security includes the following provisions:
  • Parties: The names and addresses of the Assignor and Assignee;
  • Promissory Note: Sets out the specifics of the promissory note including the original date, name of borrower, maturity date and principal amount now owing;
  • Assignment: Sets out that Assignor assigns the promissory note to Assignee as collateral security for indebtedness owed to Assignee;
  • Signatures: The Assignor must sign this document in the presence of a witness.

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This attorney-prepared packet contains:
  1. General Instructions
  2. Assignment of Promissory Note as Security
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28611
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
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