 | Virginia Promissory Note Templates |
Download the Virginia promissory note templates in .PDF or Word format and start drafting your custom promissory note today. The templates, available in .PDF and Word format, can be used to create a secured or unsecured note. Use the secured template if you are drafting an agreement where the borrower will be pledging collateral. The unsecured template should only be used if no collateral will be pledged from the borrower. Learn more about how to draft promissory notes by following the links on this page.
Usury Rate – Under Virginia Law (§ 6.2-303), the (maximum) legal rate of interest is twelve percent (12%).
Virginia Secured Promissory Note Template
Follow the instructions on this page to learn how to properly draft the Virginia Secured Promissory Note Template. The secured promissory note template should only be used if you are entering a loan agreement where the borrower will be pledging security (i.e. collateral). Promissory notes are used to establish a legally enforceable agreement regarding a […]
Virginia Unsecured Promissory Note Template
The Virginia Unsecured Promissory Note Template is a legally enforceable document that provides a detailed outline of a loan’s various terms. The unsecured note template should only be used to draft an agreement where the borrower is not providing some form of collateral (as security). The instructions posted below can be used as a guide when […]
