Legal Question in Credit and Debt Law in Florida
Promissary Note
Does a Promissary Note (for repayment of a loan) need to be notarized when signed or just signed?
Asked on 8/05/02, 12:45 pm
2 Answers from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: Promissary Note
1. no
2. yes.
No part of this answer refers to the content or form of the promissory note.
Answered on 8/06/02, 1:31 pm
Scott R. Jay
Law Offices of Scott R. Jay
Re: Promissary Note
S T O P ! ! ! Run...do not walk to your nearest attorney. Never, never, never, notarize or witness a promissory note. Under Florida law, any person who does is legally just as responsible as the maker of the note.
This is a very important question. If you are not sure of the right way to execute a note, I believe that it should not be executed without the advice of an attorney. A simple mistake now can cost thousands of dollars later.
Scott R. Jay, Esq. 305-249-8000
Answered on 8/05/02, 6:13 pm