Full question:
Can you attach an allonge to an existing promissory note that states different terms from the original note?
- Category: Documents
- Subcategory: Allonage
- Date:
- State: Colorado
Answer:
An allonge is an attachment to a financial instrument, like a promissory note, used when there isn’t enough space for additional information. If you add provisions to an existing promissory note, it is typically considered an addendum or amendment. For the new terms to be valid, all parties must sign the allonge or addendum. If the new terms conflict with the original note, the attachment should clearly state that the allonge's terms take precedence if that is the parties' intent.
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