NonRecourse and NonNegotiable Note

How To Use

This is absolutely the most favorable note for a borrower and the least favorable for a lender.

If you are such a lender, be sure to collateralize this loan sufficiently to recover. If you are a borrower, you are lucky if you can get anyone but your rich Aunt Hilda to sign it in your favor.

  • Make multiple copies. Give one to each party.