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In this tutorial, Scott from Simple Forms to Ark guides users on how to create a promissory note. Users can access the form via financial forms in a dropdown menu. Upon selecting the form for the first time, a prompt appears for state-specific prescriptions, which can be adjusted. The form is flexible, allowing users to attach a payment schedule and add interest rates by clicking 'yes.' Users fill in lender details and create their agreements. For modifications, an 'Edit my promissory note' option is available. Once finalized, users can add the agreement to their account and include any additional notes as needed.