![]() | Louisiana Promissory Note Templates |
The Louisiana promissory note templates are available in Word and .PDF formats. The .PDF template can be completed electronically. Promissory notes are essentially a type of written agreement that outlines the various facets of a loan between two parties (borrower and lender). There are two types of notes: secured and unsecured. Secured notes differ from unsecured notes in that the borrower is required to pledge assets as collateral. If a borrower defaults on a secured loan/note, the lender may take possession of the pledged assets.
Usury Rate – Under Louisiana Revised Statutes 9:3500 the maximum legal rate of interest that can be charged is twelve percent (12%) per annum.
Louisiana Secured Promissory Note Template
![Louisiana Secured Promissory Note Template Louisiana Secured Promissory Note Template](http://promissorynotes.org/wp-content/uploads/2016/11/louoisiana-secured-promissory-note-form-150x150.jpg)
.PDF and Word files of the Louisiana Secured Promissory Note Template are available for download using the links near the top of this page. A secured promissory note is a legal written agreement that provides an outline of a loan’s terms. The note is “secured” because it is backed by a borrower’s pledged collateral. In […]
Louisiana Unsecured Promissory Note Template
![Louisiana Unsecured Promissory Note Template Louisiana Unsecured Promissory Note Template](http://promissorynotes.org/wp-content/uploads/2016/11/louisiana-unsecured-promissory-note-form-150x150.jpg)
The Louisiana Unsecured Promissory Note Template is a legal form that is entered into by two parties – a lender and borrower. The document serves to establish the specific terms of a loan (e.g. principal sum, interest rate, etc.). With an unsecured note, the borrower does not pledge assets as collateral (hence being “unsecured”). The template […]