How to Create A Promissory Note
Vložit
- čas přidán 5. 08. 2024
- Create your own Promissory Note: retipster.com/go/rl-note/yt-J... (REtipster Affiliate Link)
Learn more about promissory notes: retipster.com/terms/promissor...
00:00 - Intro: What is a Promissory Note?
01:23 - Mortgage vs. Promissory Note - How are they different?
02:51 - Looking for a promissory note template? Check out RocketLawyer
03:52 - The process of setting up your promissory note with RocketLawyer
11:44 - Review the promissory note document generated by RocketLawyer
12:08 - How can you digitally sign the promissory note?
13:01 - The Loan Amortization Schedule
13:29 - Final words
14:35 - How to sign up with RocketLawyer: retipster.com/note
A Promissory Note is an important loan document typically executed between a Borrower and Lender when the initial loan proceeds change hands (in the case of a real estate transaction, this would be at the time of closing).
A Promissory Note is a legal agreement between the Borrower and Lender that lays out the specific terms of the loan. It should include all the basic details, such as:
- Loan Amount
- Date of the Loan (including the first payment date)
- Interest Rate
- Payment Amount
- Number & Frequency of Payments
- How the Loan will be Paid (e.g. - principal & interest, installments of interest-only with one lump sum on a specific date, or due on demand)
- How the Note will be secured (e.g. - by a Deed of Trust)
- Whether the Lender can sell or transfer the note to another party
Often, it makes sense to include an amortization schedule with the note to make it abundantly clear when each payment is due, the amount of each payment and what portions of each payment will be applied to principal vs. interest. This can help avoid any confusion between the borrower and lender about what is expected.
Once the document is signed by all the appropriate parties, it can act as a legal document that can be used in court if the lender ever needs to demand what they are owed from a defaulting borrower.
Note: I have had a great experience with Rocket Lawyer, but your experience may vary. The link above is an affiliate link, and at no additional cost to you, I will earn a commission if you decide to purchase this particular tool/service. I recommend this resource because it is helpful and useful, not because of the small commission I make if you decide to buy it. Please do not spend your money on this unless you feel it will help you achieve your goals. #rocketlawyer #realestate #retipster
Join Our Community!
REtipster Forum: retipster.com/forum
REtipster Facebook Group: retipster.com/facebookgroup
Follow Along!
CZcams: retipster.com/youtube
Facebook: retipster.com/facebook
Instagram: retipster.com/instagram
Twitter: retipster.com/twitter
Pinterest: retipster.com/pinterest
LinkedIn: retipster.com/linkedin
TikTok: retipster.com/tiktok
I love it!! When some guy speaks like he knows what he is talking about! But has never actually done it!
So I guess I shouldn’t trust world renowned astronomers…because none of them have ACTUALLY been to mars. Got it.
And I won’t actually take medical advice from an oncologist…unless he has ACTUALLY had cancer. Got it.
@@seanm3226 Your comment checks out. I believe in heaven even tho the people that taught me heaven is real and they haven't been there themselves.
Try to retrieve "Modern Money Mechanic" and "Two Faces Of Debt". These two Publication are from The Federal Reserve.
Both explain the Creation of Money which the Promissory Note actually Is.
Beware of those who tell you anything deference. In the above Video, he is telling you half truth which then become a lie.
This Why I always say, "Always go to the source" from there you can never go wrong.
Elseti Ali El federal reserve are criminals
Yes you are right !!
I read them both. At no point do either of them state that a promissory note is money or creates money.
don't you need the law incerted in the promissory note instrument of the exchange act for the particularly state or province since the exchange acts are different from state to province?
+ Seth Williams How does one do the terms and agreements for paying the rent?
Hi I'm in the uk and want to pay off my debts using a promicssary note do you have any templates I could use please 🙏
looks pretty good, Im going to give it a try. I used your link! thx
Hello Seth, I bought your house today. The promissory note is in the mail. I will give you one week to vacate my house.
1tobicat ahhahahahhaha!
If u know how to do it yes if u know contract law fool to much for you...hahaha so for now keep working like a slave
@@JorgeHernandez-rq9lw How do you make the bank erase or pay you the debt?
@@audunjemtland8287 When you tender (offer) payment of a debt, the debt is discharged up to the amount of the payment that was tendered even if the creditor rejects the payment. Which means that if you had a loan for $10,000, you could tender payment with a promissory note (or some other instrument) for $10,000 and the debt must be discharged whether or not the lender accepts the payment. This is stated in UCC 3-603.
@@alphaforce6998 Thanks for a thorough answer.
Though the parliament here, and the national bank dismays everything about ucc and says it's maritime law.
'It doesn't apply'
They do as they always do. Just dismiss it.
So you PAY with the promissory note? Of what amount? It's so simple yet so complicated.
How would you write it. And where would you turn it in? The receiver practically wouldn't know what to do with it.
When the private person gives a responsibility to power, they do not take it. Only the other way around.
Hi REtipster, can you just issue promissory note (as a borrow) to another person without going through any organization/company?
Because the Promissory Note is one transaction; and, the 'MORTGAGE'/'DEED OF TRUST' (same thing - depending upon particular State) is another, 2nd transaction - obligation.
At Settlement/Closure there are two independent transactions taking place where the purchaser is typically unaware
A 'MORTGAGE' /DEED OF TRUST is the purchaser's 🎁 gift to the alleged 'LENDER' from the alleged 'BORROWER'.
What about a zero interest bearing note? You mentioned two types of loans but would a zero interest bearing loan work, if the parties agree to the final amount to be paid in the end of the contract term?
Thanks for this helpful info this is awesome however to say that the bank can legally take your house means you don't understand how the fraud works.
Thank you, Seth, for sharing this great and informative video on how to create a promissory note!
Hi, Seth. I have a question regarding promissory notes. Would I need to do one in conjunction with a "Contract for Deed (owner-financing)?" I've watched your video regarding how to do a "Contract for Deed," using Rocket Lawyer, and was wondering if I would need this along with the "Contract for Deed." Please let me know your thoughts on this. Thank you, in advance, for your response.
Learn about secure party creditor n public n private notes. There's no money
Seth, Awesome content. When you close ANY deal, do you put your personal name on the documents or your company name? Is it "Kosher" to use your "brand name" if its not a LLC, INC, etc?
Thanks Kyle! I think it just depends on whether you're doing business personally or under a business entity. I've always put the legal name of the business in these contracts (not the "brand name")... as for what you're allowed to do, that's an attorney question - but I've never used anything other than my personal name or the exact name of my LLC.
Seth Williams - Some of the commenters here are people who have a misunderstanding of the nature of a promissory note. There are many CZcams videos in which people are told that they can create a promissory note and use it the same as cash. They think the note itself is required by law to be accepted and they can create one and use it like money even if they have no collateral of any type, no credit record or even if they don't have any money.
You are explaining what a promissory note actually is and since they have been told something else, they think you are wrong.
Good luck. Just a heads up to let you know who you're dealing with - in case you haven't already figured that out.
Seth Williams so it's basically just your word to pay off a debt but you yourself are still responsible for paying it anyway? or am I just lost completely?
RSVPini our lives are the collateral-they monetized our living breathing flesh when our parents signed us into eternal debt slavery(birth certificate!)
I see you've been absorbed by the conspiracy borg...
i thought if a bank says they dont deal with legal tender but give legal tender they isn't that a contradiction they cant have it both ways
jaythatdude rich - Dealing with legal tender is what a bank does. If it didn't deal in legal tender, it wouldn't be a bank.
Beaver here
May I use a signature on a certified mail to grantee delivery to SOS. SEC. Office? Also is a cert.of live birth suffi client since Oregon claims birth cert in not being sold?
Generally when purchasing a house through a bank, the bank would produce a promissory note for the borrower. What are the advantages of making one for yourself in this situation?
Seth Williams what is considered "Lease Agreement" which is signed by both parties, and why is the "promissory note" needed and only signed by the purchaser ? (i.e. - buy a car, get funded through a bank, why does a promissory note have to be signed by just "me" / purchaser , but lease agreement which states my "duties" to pay aren't signed by bank?
Thank U !
could I do a promisory note to those high intrest loan companies?..those 10 week loans..or payday loan companies?
Mark Rice - did you do it?
You can use a promissory note for any financial obligation!. Do not use this one though, if they are charging you and have rubbish in it like (options for the lender to take action in the way of higher interest) it’s bullshit. This particular one is just this guy and his lawyer mates to make money off people and put them in a bad position!. Make your own and it costs you nothing!.
Just purchased my 5th private jet! Thank you for showing me how, Seth!
Hahaha wow let me see?
I'm just trying to to buy a house. I have been following Christopher Hauser, but I'm waiting for the Treasury forms
🤣🤣
BS
Is this the same thing as a CAP Security Instrument?
Can you use this for Bureau of public debt and FRB?
Promissory notes are used strictly to discharge debt.
What would I need in addition to this to have the right to evict the tenant/buyer in my mobile home on a seller financing deal in the event that they default?
Lol
@@adriantrusca3620 yeah that's so funny isnt it
What if you don't know their address is there a promissory note just blank so you and the lender can fill it out??
Any idea where we can turn to for UK templates please?
The rocket lawyer only does them for USA. 😕
I can't find UK help anywhere
You could try LawDepot: retipster.com/lawdepot - if I remember correctly, I think they work in Europe.
@@Retipster Thankyou! Even if they can't help either, I'm still very grateful that you offered to assist so promptly 🙏
@@YTV101 I'm in the uk too, did you get through on the website?
How do you make the not liquid?
Do they register the promissory note with the state? Or do i have to print it and go to the clerks court office?
You don't technically need to register a promissory note with the state. However, you usually would want to record any connected security instruments with the county (e.g., mortgage, deed of trust, etc). Rocket Lawyer will not record those for you; you would have to handle that on your own.
Can one be used if someone stole something from your store ?
what do you do with this?
Does this apply to me even thou I'm buying a house and not borrowing money ?.
First thing I read was " who is borrowing the money?"
well since there is no lawful money in circulation and all that can be used is tender so creating your own notes...and modern money mechanics as well as professor Richard Werner's Imperical study prove all banks do is buy your note and trade it thus fufilling the obligation...so in all reality all you need to do is use notes and i.b.o.e.'s to keep paying
What do you mean by I.b.o.e?
Can I pay off my Reverse Mortgage with a promissory note . Also if taken to court what do I say to the court to support my case
mary Hampton sure can! This has happened to me 13 times already. If taken to court, just tell them that you do not adhere or represent the name of whom they are trying to sue!
You have the right
Right, THATS THE MONEY
to have them come to you for payment
They never show..90 days later. Released
This too good to be true.
Seth Williams this crap you’re posting. It’s too good to be true. If it’s too good to be true it usually is.
Seth Williams the whole entire thing.
hi set hi I can't get this for. help
I just got back from Wells Fargo and they told me they don't honor Promisary notes and that I would have to go through their lending process. What should I do next?
They have to accept it! If they choose not to then the debt is void.
Tell them a bloke on CZcams knows the law better than them and their lawyers.
@@annoyingbstard9407lol you guys are Ass holes 😂😂🤦🏽♂️
The "value" of a promissary note is dependent entirely on the financial standing of the issuer. In the case of someone like you it is quite literally not worth the paper it's written on.
What do you know about the Bulsavic exchange.
Seth Williams dam,, Debt slave for another day,,,,,
How bout “bolsheviks exchange”
Mr. Williams. I like the video. My question is and this is important, Would I have to become a "private banker" in order to issue the promissory note(s)?
Jordan, you are WAY off on this.
How promissory notes work in the real world: I loan you $1000 at 10 percent simple interest so you can buy a used motorcycle. I create a real basic contract which says, "I, Jordan Guess, have borrowed $1000.00 from jmowreader on June 21, 2017. I agree to pay $100 per month for the next 11 months, until the total of $1100.00 (10 percent simple interest) has been repaid." We both sign it, and you send me $100 per month until you've settled the debt.
How they work in the mind of a sovereign citizen: I loan you $1000 at 10 percent simple interest. When the first installment is due, instead of $100 you send me a different promissory note. But since I was smart enough to have you pledge the motorcycle as collateral for the loan (this is a problem for the business community - creditors aren't taking this necessary step, and it's biting them in the butts) and I was also smart enough to perfect the debt, I can simply call a repo man and have the motorcycle picked up and auctioned off, and then go after you in court for the difference between the $1100 you owe me and the $300 I got from selling the shit-box bike you bought with my money.
jmowreader its sumptin isn't its like keep every body in ignorance to perpetuate what? debt . . come on. Really ugly.
Dolphin named Kathy Very simple: it is not "keeping people in ignorance" to tell them there's no free money. Which there isn't.
People don’t understand that the type of promissory note you are talking about is usually executed by two private people. Say you lend a friend or relative some money. Or you sell a car to a friend or relative. It becomes a contract between the two individuals of” I will lend you this money, and you will pay me back under these terms!” You can not use a promissory to pay off a debit, that already has a signed promissary note, or in case of credit cards, where a contract exists that the borrower agreed to when they applied for the credit card.
Seth Williams that’s because individuals have been told that they can purchase or pay things off via a promissary note. There are scads of gurus that sell that theory on CZcams. There’s a video on VanBalion’s channel right now that shows where one of the gurus tries to buy a 370z with a promissary note. Ch it out.
czcams.com/video/H4LJROxD67E/video.html
Seth Williams now I see! Most of the comments on this video are either from individuals who believe you can walk into a creditor’s office and purchase a car, house with your own promissary note. Look up Christopher Fleming he tried to buy a house that way. Or they insist they can pay off their existing debt, by issuing their own promissary note and telling the venders they can sell their promissary note as a security to get the funds. The other comments are from individuals who know The above theory doesn’t work, and evidently assumed you were just another scammer, and not just educating people what a promissary note is and how it can be used
Seth Williams check out Captain Spaulding’s video on CZcams University he has a list of the “professors” and the methods they use. van Balion might have the university video in his Van Balion channel
Seth Williams czcams.com/video/T_airJtjbqs/video.html
Those a just a few! There are easily 100’s upon 100’s
Ok but how do you get title to property then?????
Once you’ve sent through the note and the debt is paid the title is yours, as the debt is paid in full
@@drummerdnoneya5604 You need to write a letter to the debtor stating that the loan was paid in full for the debtor to make this public at the clerk of courts and have the file close properly. If not, the debtor may look like the debt was never paid off unless people contact you to attest. There is a specific format for this letter.
Ivan Acosta yes, i should have stated that the letter must be sent with it detailing everything so you are correct
I promise to give my land lord every cent owed!
BY THE WAY GOVERNMENT - YOU OWE HER ALSO!
the justice system!
BRING IT ON!
I HAVE A LONG STORY THAT NEEDS TELLING!
($_$)
What if you want to pay off a vehicle with a promissory note! Can that be done! With legal tendacy
Yes look up secure party creditor first n learn the process all public debt can be discharge not pay there is no money only promesary notes the bills u call money 152050100 are promesary notes wise up
Rodrick Coffman - did you do it? There are tons of success stories out there. People buying a car one day and paying it off the next with a made up promissory note.
all stocks bonds and notes MUST BE registered with the Securities Exchange Commission. ..
Mark Metz exactly, a promissory note needs to be registered with the S.E.C.
Easy peezy
Signature medallion signatures
Get it done BOY
Why does the bank steal the promissory note and banks pack performance on the note .
ALL DEBTS ARE GOVERNMENT OBLIGATIONS IT'S WRITTEN IN THE LAW.
How to erase them?
Can you do this with your mortgage
@@audunjemtland8287 how
YES YOUR MORTGAGE TOO.
@@keepitrealjones So I"m needing a little help.... I'm just a little confused.. I understand that it is a debt...
How do I execute one , what’s your contact ?
Everything under ucc
Explain TENDERING OF PAYMENT... FRAUDULANT BANKING SYSTEM
When the debt passes 90 days
Look under ucc
should i get my note noterized by a noterery ?
Stamp
That's all well and good but if I don't put my name in capital letters they can't hold me or my representative to anything, admiral. Bwaahahaaa!! You will be assimilated. Resistance is futile. Tinfoil. Right to travel, etc.
Is a promissory note same as commitment letter
No. Those are two completely different things.
@@Retipster thanks , so promissory note is the same as mortgage note? Thanks for your help
@@empanada7 it could be. It depends what the note says and whether it references a corresponding mortgage.
@@empanada7 it could be. It depends what the note says.
this is not a real promissory note that for example that banks use between each other, real promissory notes are a legal instrument that has value and can be purchased like shares on the stock exchange a bit like bonds. They are generally used for banks and government bodies only as it is like a perpetual deferment of the loan banks hide this from individuals to make money from the scam that banks work with, they are more complicated than a loan contract
This type of document is really just a loan contract not to confused with a real promissory note or instrument.
Seth has a vested interest in selling this type of loan contract, he admits this
No, it's a real "promissory note". You see private deals between individuals where someone is owner-financing a house or car purchase. Other than that, you wouldn't really need to use this program.
hello Seth, how you doing? listen I don't own any property and I'm middle-aged I got a very little nest-egg. I've never done this before but I'd like to get started on it. do you have any suggestions, any books I could read? classes I could take? what would you suggest? I'd like to get started making a little passive income this way. I've seen a couple of your videos and it piqued my interest a lot. just so you know I'm serious about not having any experience buying and selling real estate at all I'm a nurse by profession. I've rented most of my life but I want to get a little something to keep me comfortable when I retire. would you have any suggestions?
Seth Williams thanks I will. By any chance do you offer classes?, or maybe a video series on how to get going and keep going. If not how's about you get working on that? lol thanks Seth.
okay my questions answered in the first paragraph on your website Thanks I'll be contacting you
Seth Williams where do I get this for pmease?
Is there anyone who does this in Canada. ??? The information i find is always the U.S or the U.K. ......anyone?🥺
Can you write one to the IRS? lol
A promissory note? Promise to pay? But what are you gonna pay with? More promises to pay since the fiat currency we use has no real value and is all debt anyways. The biggest scam in history.
Does your boss pay your wages with a promissory note?
yes
Yes has been for years, its called cash, but clearly states "I promise to pay". A cheque is the same thing all that does is put numbers in a bank account which you get more promissory notes out. It is a scam. Take your promise to pay to the bank and see what you get for it. Oh yes another promise to pay.
Ok, now explain the Federal Reserve promissory note. You know the USD. So when you buy something at Walmart with UNITED STATES DOLLARS your taking out a loan? Right? Because Federal Reserve promissory notes are United States Dollars.
So why not just buy your house from the seller with a promissory note rather than borrow real money?
Because it's up to the seller whether they want to offer seller financing or not. Most of them would rather just have cash now, hence the reason for mortgage companies.
@@Retipster And a mortgage company will accept your home made note?
Think you're a little confused. The supposed lender isn't. The real creditor is the one purchasing the home or car. The lender puts no money into anyone's hands. In fact, the supposed borrower's signature creates the so called money, or credit of which the lender, the bank, credits itself 11x the value of the mortgage. In essence the bank or the lender is a liar. You are the real bank. Same lender then sells the mortgage documents within 90 days or less and gets another return in credits. Don't know who taught you this crap, but it's completely backwards. Funny how when a lender loans it never falls on the debit side of their accounts ledger, but on the asset, income side. Further proof they lent zero and acquired 11x the amount of the loan.
when was the last promissory note used legaly? you got to be kidding me.....
It a contract. Obviously you use a third party to.record everything.
All the time fool all the frn u have on ur wallet r promesary notes read them..zombie
Cash is a promissory note. It is worthless
@@crbarnes001I swearrrr, people just want to stay ignorant! You are 100% correct. The laws back it strongly! I wish people could just readdddddd
What a load of bollox, it's one thing to create a Promissory Note, it is a total different ball game trying to get your creditors to accept it as payment. What you should be doing is showing us how you successfully used it.
No I'm not missing the point at all, what is the point of creating a Promissory Note if no one will accept it, it's like me saying I'm going to print my own currency, I can do that if I wish but getting someone to accept it as legal tender is something else. Waste of time.
That's called a loan agreement.
sorry but what good is it then? How does one use it to eliminate debt?
Seth Williams I think all promissory notes are being taken off the Internet. I couldn't click on yours and my husband tried and there was an error. is the government stopping people from getting these forms online and can I get o e from office Depot? Tha KS great video. wish I could get the form
omah: UCC 3-603
How dumb, when you come to use it, they treat you illegal, they need to get rid of promissory notes, that's illegal to treat somebody so disgusting before he could get his payments situated as seen in ex. clip from Wells Fargo promissory notes, & if you noticed the banker there didn't even know what it was and treated Carlos with no decency or respect, after helping him and I noticed before he gave him the money tender never did discuss with him the interest rate or when to start the payments , and to acknowledge, to understand if the money was to be paid back to the car dealership or to the bank, I mean it was just totally misunderstood and no communication as to the details of that P.N. that it's ridiculously stupid!!!! So how come this man tells you details but that banker couldn't tell him any details????!!!!! And how many people they killed because they didn't even discuss details to them at the bank!!!!!??? How blanking Disgusting!!!!!!and how could that banker try to gain custody of his vehicle right after buying it!!!! Isn't that illegal, and that seems so outrageously disrespectfull because he did not once in the recording, discuss with that banking customer the instructions and ins and outs and interest rates and whom is the obligations to whom in the process!!!; I mean they should in my opinion, they should get rid of promissory notes because they sound too uninformitive, misleading, bankers don't even know how it's used, what it is, or how to treat you behind one, and highly disrespectfull how you treated after you get it if you do!!!! They need to get get rid of promissory notes, they sound TOTALLY stupid and first and foremost, soooooo disrespectfull after you get one!!!!; and how dare a dang banker, after finding out he purchased the vehicle to act like that, like he committed a crime!!!! I mean it's worse than an Indian giver, which means to give something and want it back!!!! It's outright disrespectfull and totally disgusting, even more because he has no right to treat a person like that, how deadly F-O-U-L, SHAME ON YOU BANKER, AND THE NERVE BEFORE EVEN HELPING HIM, YOU DIDNT EVEN KNOW ENOUGH TO HELP HIM OUT, THEREFORE YOU SHOULDN'T OF EVEN BOTHERED TO HELP HIM BECAUSE YOU DIDN'T,!!!! GET RID OF PROMISSORY NOTES, THEIR TOO MISLEADING, RUDE AND DISRESPECTFULL, DISGUSTING TO DO THAT TO SOMEBODY, AND THE NERVE FOR WELLS FAGO TO TREAT SOMEONE LIKE THAT!!!! OUTRIGHT DISGUSTING AND DISRESPECTFULL, SHAME ON YOU WELLS FAGO!!!!! HOW GROSS TO TREAT A HUMAN BEING IN THIS MANNER!!!!!!!! DAM FKNG FAGO WELLS, THATS MORE LIKE HOW HE WAS TREATED!!!; EVERYONE AGREES O.K. FAGO WELLS!!!! HOW DISGUSTING!!!!!!!!
m
Soooo our birth certificates not worth shit?
What this comes down to is something for nothing! There is never any intention to follow they with the "promise". That makes all of this fraudulent! Who do you think will pay for what YOU promise to fulfill? The cash fairy?
This kind of shit is only use by people that live in trees and shit , no one would except that kind of payment now a days
I'm calling you out, show us a circumstance where you have officially utilized a Promissory Note.
damn almost the same name xD
lolol (You've just earned a pass) Code unlocked.
Wait! What?
czcams.com/video/dbku5XULgIA/video.html
rocket lawyer has a lot of bad reviews lately
just going by what wot claims
This sounds like something a scammer could use to make fake transactions . So with rocket lawyer you can electronically sign so no identification is required on either end . It’s not notarized also . So all someone would need is a little information on someone who has money and their email. So you’d need a third party with access and someone could get scammed out of a lot of money . Not sure this would really hold up in court because it looks to have so many loopholes ? Am I overlooking something ?
In most cases, the note isn't the only document you would have signed. In any kind of real estate transaction (for instance), you would also get a mortgage, deed of trust or land contract signed *and notarized* , so even if someone called the note into question, it would be a lot harder to poke holes in it because you'd also have a signed, notarized and recorded lien instrument on the property too.
Isn't this more like.. How to create your own prison sentence...
What a load of crap. No body will accept these. You will be laughed at. Lol
Lol great reply Seth(like actually).
suni choudhury well it's law and the law is for you read the bankruptcy if 1933
People have done it by using Promissory Notes but this place is making it look very difficult, and it is not. One just needs to know what to do and I must say this looks very complicated where someone is making money out of your name!
Steven Nicholls
No, Suni. There are two kinds of promissory notes: ones that are used in legitimate banking activities and obligate the signer to pay back the money he or she borrowed; and the bullshit ones that supposedly are required to be accepted as cash and are paid back by money conjured up from thin air. Seth's notes are the legitimate kind.
I want a Dj and system so I can be famous
Promissory Notes are just a promise to pay. They do not create money. Section 4 - look it up
So is a check.
A check is recognized as a bank note. Not something that you just scribble