Loan agreements typically are comprised of two main documents. First a promissory note, which sets out the terms of repayment, and second, a security agreement which allows the lender to hold collateral and take ownership of the collateral if the borrower defaults on it's repayment obligations. Texas law is very specific, in fact unique, in the types of documents and procedures necessary to accurately document a loan. One must pay careful attention to the terms of repayment, the marital status of the borrower, the type of collateral offered, the homestead/exemption status of the collateral and filing requirements of the security instrument. The TLD Professor below will assist us in determining the correct documents to use in addressing your specific transaction.