Affidavit Of Lost Note (Individual)

LOST NOTE AFFIDAVIT. This form is used in the State of New York in situations where the holder of a promissory note, which is a legal document acknowledging a debt, cannot locate the original note. The affiant (the person making the affidavit) states that they were the last holder of the promissory note, provides details about the note (such as the principal amount, date, and property address related to a mortgage), and declares that the note is presumed to be lost. The affiant agrees to return the note to the rightful owner if it is found and further represents that the note has not been sold, transferred, or assigned to anyone else. If the note is discovered, it will be marked as "Paid in Full" and returned to the owner. The individual to whom the note is payable is also indemnified and held harmless from any damage, cost, liability, or expense that may arise due to a breach of the representation. The affidavit is notarized, with the affiant appearing before a notary public to acknowledge the execution of the document. www.FormsWorkflow.com