sheetzlady
New Member
My jurisdiction is: Pennsylvania
I have an acquaintance in NY who offered to lend me money to pay off my car loan. The amount he will lend me is $14000. I live in PA. We were thinking that a promissory note would be the best way to go about entering into a repayment agreement but my question is this: should the document be drawn up in one state or the other or will it be valid in both states? Neither of us wants any hassles down the road. Thanks so much!
I have an acquaintance in NY who offered to lend me money to pay off my car loan. The amount he will lend me is $14000. I live in PA. We were thinking that a promissory note would be the best way to go about entering into a repayment agreement but my question is this: should the document be drawn up in one state or the other or will it be valid in both states? Neither of us wants any hassles down the road. Thanks so much!