Cognovit Promissory Note: Definition, Example
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Quick Facts — Cognovit Promissory Note Lawyers
- Avg cost to draft a Promissory Note Agreement: $710.00
- Avg cost to review a Promissory Note Agreement: $390.00
- Lawyers available: 182 financial lawyers
- Clients helped: 273 recent cognovit promissory note projects
- Avg lawyer rating: 4.98 (29 reviews)
What is a Cognovit Promissory Note?
A cognovit promissory note is a legal document that obligates the borrower to repay the lender. There are many types of payment methods, such as interest-only payments and balloon payments. The loan may be secured with collateral by the borrower or unsecured.
A cognovit promissory note is governed by UCC Article 3, and Uniform Commercial Code sections 1-207 and 9-319. Cognovit promissory notes can be used for various purposes, such as financing an acquisition or paying off existing debt obligations.
Promissory Note Templates
Cognovit Promissory Note Sample
| General Electric Capital Business |
EXECUTION COPY | |
| Asset Funding Corporation |
||
| Loan No. 050-0010706-001 |
| $2,125,000.00 |
December 4, 2002 |
| No. Mos. Remaining |
Years Remaining |
Base Premium Factor |
Variable Premium Factor | |||
| 180—169 |
15 |
.05 |
0.073 | |||
| 168—157 |
14 |
.04 |
0.069 | |||
| 156—145 |
13 |
.03 |
0.064 | |||
| 144—133 |
12 |
.02 |
0.059 | |||
| 132—121 |
11 |
0 |
0.054 | |||
| 120—109 |
10 |
0 |
0.049 | |||
| 108—97 |
9 |
0 |
0.044 | |||
| 96—85 |
8 |
0 |
0.039 | |||
| 84—73 |
7 |
0 |
0.035 | |||
| 72—61 |
6 |
0 |
0.030 | |||
| 60—49 |
5 |
0 |
0.025 | |||
| 48—37 |
4 |
0 |
0.020 | |||
| 36—25 |
3 |
0 |
0.015 | |||
| 24—13 |
2 |
0 |
0.010 | |||
| 12—1 |
1 |
0 |
0.005 |
| BORROWER: | ||||
| REMODELERS, CREDIT CORPORATION, a Delaware corporation | ||||
| By: |
| |||
| Print: |
| |||
| Its: |
| |||
Reference:
Security Exchange Commission - Edgar Database, EX-10.23 11 dex1023.htm COGNOVIT PROMISSORY NOTE, Viewed December 13, 2021, View Source on SEC.
Who Helps With Cognovit Promissory Notes?
Lawyers with backgrounds working on cognovit promissory notes work with clients to help. Do you need help with a cognovit promissory note?
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See Real Promissory Note Agreement Projects
New Jersey Set up loan contract / promissory note on a personal loan with equity in property as collateral Drafting
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California Secure Promissory Note for loans provided to Comet Skateboards, Inc Drafting
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New Jersey Draft Promissory Note for a loan Drafting
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Meet some of our Cognovit Promissory Note Lawyers
Artem V.
Attorney licensed in New York and Texas, with experience in real estate, corporate and finance transactions, contracts, intellectual property, and privacy matters. Artem provides practical, business-focused legal support to startups and small to mid-sized companies, delivering solutions across corporate, commercial, and general business needs.
"Working with Artem was a great experience from start to finish. He was professional, approachable, and incredibly helpful, always making sure my questions were answered and that I fully understood each step of the process. I truly appreciated his time, patience, and expertise. It was a pleasure working with him, and I would not hesitate to recommend him to others or work with him again in the future."
Jeff G.
Jeff has 25 years of commercial transactional experience within numerous industries, including finance/banking, telecommunications/utilities, insurance, and software. He is a recognized authority on contracts, software licensing and negotiation. Jeff earned his Juris Doctorate from Valparaiso University School of Law and his Masters in Business Administration from North Carolina State University and is licensed to practice law in North Carolina and Indiana.
"Jeff worked quickly and answered all questions. Would highly recommend"
Max K.
I am a business attorney and former in-house corporate attorney with more than a decade of experience helping companies navigate contracts, commercial relationships, day-to-day operations, and disputes. My practice includes drafting, reviewing, and negotiating commercial agreements, licenses, leases, vendor and service agreements, and other business arrangements. Licensed in Nevada, California, New York, and Texas, I also hold an Executive MBA. My goal is to serve as practical, long-term outside counsel to small businesses and entrepreneurs that value responsiveness, sound judgment, and advice grounded in commercial realities - not merely technical legal answers. I handle disputes when necessary, but much of the value I bring lies in identifying issues early, preserving business relationships, and preventing avoidable conflicts. I do not bill separately for routine phone calls. I want clients to feel comfortable calling before a small concern becomes an expensive problem, and I am always happy to have an initial conversation to see if the fit is right for you. www.linkedin.com/in/maxkelner
"This was my 1st time having to consult with a legal expert about anything and Max made the process easy and stress-free."
William B.
Attorney based in Southern California (for in-person matters), taking clients globally/remotely for CA-specific and Federal legals needs. Owner and operator of Alchemist Attorney, Inc. (www.alchemistattorney.com).
"Had a great experience working with Will. He kept me up to date on progress, delivered everything he said he would, and answered all questions I had very clearly. Would highly recommend."
Agnes M.
Agnes Mombrun Geter is the Founder and Managing Attorney of Mombrun Law, PLLC. She is an experienced attorney and is a member of the Florida Bar, New Jersey Bar, and the Pennsylvania Bar. The firm's practice focuses on Estate Planning, Business Law, and Debt Settlement including IRS Debt Relief. The firm's goal is to simplify the law and provide clients with the confidence and information necessary to make their decisions. The firm also provides project-based legal services to other attorneys and law firms, along with assisting as personal counsel and local counsel on legal matters.
"Ma. Agnes was very kind and thorough. I highly recommend her and would hire her again if needed."
Ryan D.
Ryan Duffy is a skilled attorney with extensive experience in business law and estate planning. He received his undergraduate degree in Business from Franklin & Marshall College and went on to graduate from Villanova University Charles Widger School of Law. Ryan has worked with numerous clients on matters ranging from business formation and contract drafting to estate planning and asset protection. He is dedicated to helping businesses of all sizes achieve their goals while minimizing legal risks. He also works closely with individuals and families to help them protect their assets and plan for the future. With his extensive knowledge and practical approach, Ryan can provide valuable legal guidance and support to clients in need of business law and estate planning services.
"Awesome work, really put my mind at ease during a contract dispute with a major company."
Sean F.
Mr. Foo represents clients on various employment matters, including wage and hour issues (i.e., overtime and minimum wage claims) as well as preparation of employment documents such as handbooks, employment contracts, and general workplace policies and procedures. Mr. Foo is admitted to practice in the U.S. Eleventh Circuit Court of Appeals, U.S. District Courts for the Middle and Southern Districts of Florida, and all state courts in Florida.
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Browse Lawyers NowLawyer Reviews for Cognovit Promissory Note Projects
Promissory Note Review
"Great to work with Michael - very professional and easy to work with. Highly recommend."
Secure Promissory Note for loans provided to Comet Skateboards, Inc
"Great work! (I do not want my review to be public)"
IRS Compliance Review of Promissory Note and loan agreement
"Josh is very knowledgable and was extremely helpful. He responds promptly and is easy to talk to. I have had other encounters with lawyers in the past and this was by far the most refreshing encounter in terms of experience and outcome."
Create Promissory Note
"Lori was professional, experienced, and effective. She delivered exactly what I needed with clarity and precision. Highly recommended."
Create Promissory Note
"Thank you for the prompt responses and timely completion of the project"
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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ContractsCounsel User
Set up loan contract / promissory note on a personal loan with equity in property as collateral
Location: New Jersey
Turnaround: A week
Service: Drafting
Doc Type: Promissory Note Agreement
Number of Bids: 3
Bid Range: $700 - $1,800
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