Can police take action against promissory note case?
No, debts are a civil matter not a criminal one. Creditors (including private parties) must follow the civil procedure that is required by the laws of the state in which the debtor lives to recover money owed. That sometimes means filing a civil suit in the state court (often small claims) in the county where the debtor lives. In some states the sherriff's office does oversee the seizure of property that is mandated by a judgment order.