My question involves real estate located in the State of: Indiana.
If you loan out money who keeps the promissory note and and is they a law on this and if so what is the code section?
My question involves real estate located in the State of: Indiana.
If you loan out money who keeps the promissory note and and is they a law on this and if so what is the code section?
If you lend somebody money, obviously, you would hold on to the promissory note. That's your proof that they contracted to pay you back. You can provide the borrower with a copy, and return the original when the loan is repaid.
You can research the Indiana Code here.