N-Definitions 2016-10-14T16:26:32+00:00

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NOTE
Written evidence of a debt by a borrower that included a promise of payment in accordance with specified terms. A valuable document which must not be lost even when paid in full. In real property transactions, a note is usually secured by a Deed of Trust.

NOTICE OF COMPLETION
A notice which should be recorded to indicate completion of work of improvement to real property. A valid notice of completion limits the time for filing valid mechanic’s liens.