What happens if the borrower doesn't pay? If you have a promissory note and fail to make payments as agreed upon, the lender can take legal action to enforce its terms. This includes suing for the ...

When closing on a home, you’ll sign a promissory note and agree to repay your mortgage under certain conditions. Learn more ...

A Master Promissory Note (MPN) is an agreement between you and ... If you default and don't make alternative arrangements to repay your debt with your lender, the federal government has the ...